Unlock unlimited access to all our award-winning journalism, subscriber-only podcasts and newsletters Unlock unlimited access to all our award-winning journalism, subscriber-only podcasts and newsletters The GDP-per-person slowdown threatens global living standards Brazil, China, Germany and Russia have recently joined an unfortunate club A N UNFORTUNATE CLUB of countries is gaining new members. China, the world’s second-biggest economic power, and Russia, the most belligerent one, have joined. So have Germany, a far richer big economy, and Brazil, which may soon export more farm products than America.
Some 3.3bn people, or more than two in five humans, now live in places where GDP per person grew half as fast or less in the decade to 2024 than in the previous ten years. In 2014 the figure was 1.1bn, or fewer than one in six people. Over 730m are experiencing outright declines in economists’ favourite gauge of living standards.
How fast are AI investments translating into broader gains? Taiwan and South Korea offer hints Soaring bond yields, gaping deficits and towering debts: what could go wrong? To enhance your experience and ensure our website runs smoothly, we use cookies and similar technologies.
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