DGP is a standard meaure of a countrys overall economic output. Its the market value of all final goods and services made within the borders of a country within a year.
Inflation is the rise in the general level of prices of goos and services in an economy over a period of time.
When a developing economy starts growing fast, often richer countries accuse it of cheating by keeping its wages and exchange rate artificially low.
When it comes to imports the UN buys far more products from overseas than china. But in terms of exports the two countries are closely bunched together.
US vs China Economy
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Talks of a recession in the United States economy has been discussed by many over the years as this cycle has been the longest bull market in history without having a recession. The economy has been booming since the last economic recession during 2009. The below graphic will show the reader that the economy has always fell into recession when the 3 month treasury rate yields more than the 1...
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