Global GDP contribution at a glance
At the end of last week I posted about the fact that China's global growth was due to slow to 1992 levels. I also posted that:
China added nearly a third of the approximately $23 ten added to global GDP in the 10 years up to 2017.
In case you are still wondering why China's economy has the potential to drag on the whole world's economy, this infograph shows the way that the global GDP is formed. Nearly 15% is from China alone and 25% from the US. Between the two countries that is almost 40% of the world's GDP from just these two countries. I hope that this fact shows why:
1. The world markets are concerned about a slow down in China's economy and;
2. There is such a concern (and relief) about the US and China trade tariffs.
