Time has come to the middle of 2022 , and The top 320 countries in the first quarter have been released. Due to the impact of the epidemic and the complex international situation this year, it can be seen that the GDP values of various countries in the first quarter of this year have decreased compared with the same period last year.
Moreover, relevant data also point out that the world's top two economies, , , the GDP values of China and the United States have slightly widened, and at the same time, the economies of Japan, France, Italy and other countries have shown a significant decline. So what is the details? Let’s take a look at the overall data.
First quarter top 20 GDP countries were released
The top 20 GDP countries in the first quarter have been released, and the United States is naturally ranked first. In the development of in the first quarter of this year, the United States' GDP reached US$5979.9 billion, and the nominal growth rate reached 11.4 percentage points, which slightly increased compared with the United States' GDP figure in the same period last year.
As for the second place, our country is ranked second, with an overall GDP value of about 425.45 billion US dollars, and the nominal growth rate of can reach 8.9 percentage points. The following are Japan, Germany, and the United Kingdom. The overall ranking is actually not much different from last year, and the GDP values of most countries in the first quarter of this year have declined compared with the same period last year.
But it is worth noting that the data of does show some problems this time, such as the gap in economic development between China and the United States has widened slightly, and the economies of countries such as Japan, France and Italy have shown a significant decline. What's going on? Let’s briefly analyze it below.
2. The gap between China and the United States widens
First, let’s take a look at the problem of the gradually widening economic gap between China and the United States. Judging from the data above, the United States achieved a total GDP of 5.98 trillion in the first quarter of this year, while the total GDP of our country was around 4.2 trillion US dollars, with a gap of about 1.78 trillion US dollars .
Reviewed the same period last year, my country's GDP in the first quarter could reach US$380 million, while the United States' GDP was 530 million, with a gap of approximately US$150 million . It can be seen that the GDP value of my country in the first quarter of this year is indeed a bigger gap compared with that of the United States. What exactly is the reason for this?
In fact, this is just a representation on the data, and it does not prove that the gap between my country's economy and the United States has been widened. From the perspective of the development of the United States, due to the impact of the epidemic, the United States printed currency in large quantities last year. Moreover, in this year's development, the Federal Reserve still feeds back to the US economy by printing currency and hiking interest rates.
Although from the data point of view, the Fed's approach has promoted the economic growth of the United States, in fact, this has led to the depreciation of the US dollar and has also brought about very serious inflation hidden dangers.
Let’s look at the economic development of our country. At the beginning of this year, repeated industries of epidemics occurred in many regions of our country, and market development was significantly affected. Under such circumstances, we can see that our country's economic growth rate is still very high, which also shows that our country has extremely strong economic development resilience. So from a macro perspective, the economic gap between my country and the United States is not actually as shown by the data.
3. The economies of Japan, France and Italy have declined
Next, let’s take a look at other countries. In the first quarter of this year, the GDP of other countries, has declined slightly compared with the same period last year, among which Japan, France and Italy are the most obvious. The reason why the economies of these countries have declined is actually related to the behavior of cryptocurrencies in the United States this year.
In order to stimulate market development, the Federal Reserve continued its cryptocurrency practice this year and proposed a move to raise interest rates. Most European countries, including the capitalist country of Asia, have been significantly affected by Japan. Inflation has begun to occur in , and currency depreciation, GDP will naturally decline.
In addition, This year's complex international situation and the continuous outbreak of multilateral geopolitical conflicts have also affected the trade supply of the international market . Foreign trade between Japan, France, Italy and other countries has also been affected accordingly, and even a brief supply chain crisis occurred . From this point of view, it is not surprising that the economic development data of these countries have declined this year.
4. Summary
Comprehensive the content of the full text, the list of the top 20 countries in the first quarter of this year has been released. According to the data alone, the economic development gap between China and the United States has been gradually widened, but in fact this is just a performance of the data. From the actual situation, the United States currently has hidden dangers of inflation, while China's economic development resilience is constantly increasing, which can already illustrate the actual economic development of the two countries.
At the same time, the economies of Japan, France, Italy and other countries have declined slightly, and this is inevitable connection with the Federal Reserve's cryptocurrency and the complex international situation. In the subsequent development of , the economic development situation between countries will inevitably change drastically. I wonder what readers think about this. Everyone is welcome to leave a message in the comment section below to communicate and discuss with the author.
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