For a country, GDP is one of the digital indicators to measure production capacity. Even if GDP alone is not comprehensive enough on many issues, for the current economic challenges caused by the impact of the global epidemic, GDP must be To a certain extent, it is possible to see the development or "regression" of various countries most intuitively, so as to estimate the future situation.
National GDP forecast
In the context of the epidemic, even in China, the positive development of GDP is quite difficult, not to mention other countries with relatively low capabilities. Therefore, after countries have successively announced their own GDP and related forecasts, it can be seen that although most countries are not optimistic about the future Some countries have achieved new development to a certain extent because they have completed cooperation with other countries relatively quickly. This is worthy of reference for each country.
Germany's GDP exceeded 4 trillion
One of the better-developed countries in the first half of this year was Germany. Due to Europe’s relatively good level of epidemic control and united economic development measures, After a year of hustle and bustle, although new crown virus is still raging, some European countries led by Germany still achieved economic growth in the first half of this year. From a numerical point of view, Germany’s GDP in the first half of the year was 2 trillion. Following this trend, it can be expected that it will exceed 4 trillion by the end of this year.
It is worth mentioning that this achievement is not only due to the better epidemic control, but also the ability to ignore external factors. On the one hand, it is natural that the economic cooperation between Germany and China, Russia and other countries and regions has always been maintained at a high level.This ensures that Germany can recover and re-establish commercial routes as soon as possible after the impact of the epidemic. And politically, compared to Germany, some other Western countries are less affected by the United States. Although relatively independent economic policies cannot fully dominate the EU's decision-making, it is a good thing for the country as a whole.
US 23 trillion
After talking about Germany, the next thing to focus on is the superpower of the United States. Perhaps after experiencing the impact of the epidemic and mass unemployment, some people might think this year It’s unlikely that the US GDP will increase, but in fact, from the data point of view, the US GDP has risen by more than 6% year-on-year. Why?
In fact, the economic development of the United States is inseparable from its U.S. dollar hegemony. After the “release of watermarks” for a long time last year, many countries around the world have to share with the United States. External economic pressure, and because many Western countries have gradually begun to accept the very dangerous concept of "coexisting with the virus" and at the same time have made economic recovery the first principle, this has led to the fact that even if the epidemic is still raging in these countries, the overall The economy of the United States is still undergoing a relatively stable recovery. As the United States, which is closely related to countries around the world, GDP growth is also reasonable.
The side effect of rising GDP
However, unlike other countries, although the United States has promoted domestic economic development by printing money to a certain extent, many factories still exist because of the epidemic. For the protection of medical resources and the safety of the people, and regions will suspend work and production when necessary. This has resulted in the government having to issue excess funds to maintain daily needs and support, which directly led to quite serious price increases. Under the combined effect of inflation and GDP rise, the current United States is facing a very huge trap.Once the situation deteriorates further, and even an endless loop is formed, the United States will have to print more money to companies and the public, which will cause other countries to need more funds to purchase U.S. debt. Once the credit of the United States goes bankrupt, then The entire economic system, whether the world or the United States, will fall into a fatal threat. This is the reason why many countries have been selling U.S. debt since last year, and it is also a side effect of the uncontrolled increase in GDP.
What about China?
Although many people know that China did a great job last year, how is China this year?
It is understood that thanks to the rapid recovery last year, China has continued to recover and further develop domestic industries and stabilize the economy for a long period of time to control the entry of the epidemic. On the other hand, it has further strengthened its cooperation with neighboring countries and even Cooperation with other countries in the world, Germany, Europe, Russia, Southeast Asia and many other countries have strengthened their cooperation with China in the recent period. For China, these are the focus of the stable development of the export economy, and for these cooperation with China For many countries, China’s support is also the basis for their economic recovery and development.
At present, the results achieved in the first half of the year have been quite fruitful. In the second half of the year, some experts predict that my country’s economic growth rate is likely to exceed 50%, which means that GDP at the end of the year The scale is likely to exceed $17 trillion. Considering that the economic recovery and the explosive growth based on the global market are interrelated, it is not unforeseen that this year's gratifying growth rate will occur. However, it should also be noted that too fast development will inevitably have some hidden dangers, which has actually been foreseen by the relevant departments of our country.
Generally speaking, the world is still under the threat of the epidemic, but the same demand for cooperation is more urgent.I hope that all countries can unite as soon as possible to face the epidemic together. After all, viruses are never political.
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