Comparing GDP levels of different countries using PPPs gives a clearer picture of actual wealth than calculations based on regular currency exchange rates. This is because PPPs adjust for the differences in price levels, and hence in purchasing power, between countries. The new data reveals some rather wide income gaps. The data will be updated in 2000. More . . .
Growth is still generally good and fears of a recession are exaggerated.
A mild short-term dip in the U.S. is likely, but other economies, particularly in Europe, will perform well. A recession, if it comes, will be severe and global. Current results Previous results All rights reserved.