- 2011 to 2012, the latest year of a still-volatile period for the global economy;
- the minimum year of growth between 2007 and 2011; and
- 1993 to 2007, which provides the long-run trend each metropolitan area followed prior to the recession
and ranks each accordingly.
So say Emilia Istrate and Carey Anne Nadeau (www.brookings.edu) in edited excerpts from their original article entitled Global MetroMonitor (with a hat tip to Simon Black (www.sovereignman.com) and his comments on the subject in his latest newsletter).
This article is presented by www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.
They go on to say, in part:
It further shows:
- how metropolitan areas performed relative to their countries between 2011 and 2012 and
- identifies the degree to which metro areas have recovered from the downturn.
The interactive also provides:
- a series of basic economic data for each metropolitan area, including industry composition of metro output, population, metro area GDP, and metro area GDP per capita.
The map then color codes each city by quintile. Dark blue represents the strongest economic growth over the three periods, orange and red represents the weakest. Below is an overview of the map but you can go here for the detailed interactive map of contents described above.
As you can see, most of the orange and red is in Europe, Japan, the USA and Canada while most of the dark blue is in Asia, the Middle East, Eastern Europe, Mexico and Chile.
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Mexico, with the world’s 13th largest GDP, is no longer a “Third World Country”, but rather a fast growing, economically secure state. [Mexico is a great place to visit for a week or the winter, take early retirement to, and/or to invest in. This article outlines the new economic reality of the country.] Words: 785
Booms — and the boom in Canadian commodities is no exception — are seldom without their unintended costs….[As the Canadian dollar appreciates versus the U.S. dollar, and with the U.S. as] its largest trading partner, falling Canadian exports could well induce a secular decline in the Canadian manufacturing base. Indeed, as the loonie soars, the inevitable question is: “How much higher before its economy gets singed?” Words: 528
China’s miracle is driven by one thing and one thing only: its trade surplus with the U.S., which went from zero in 1990 up to now more than $300 billion a year [but] since the darkest hours of the 2008 global economic meltdown, China has made little progress in shifting its reliance away from exports, and, as a result, the Chinese economy is dangerously exposed to a renewed downturn in global trade. Words: 500
It’s easy to find analysts and investors who are certain that a deal [to avoid the fiscal cliff] will be reached, or at least that the can will be kicked down the road to buy more time. It’s also easy to find more pessimistic views that are based on the lack of cooperation in the past, and a deeply polarized country and political system. However, I think many are missing the point, which is that austerity is coming to America – taxes are going up and government spending will be reduced – [and. as such,] the United States is likely to face a recession and market correction in 2013, regardless of whether or not a compromise is reached over the Fiscal Cliff. Words: 970
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Canada has the lowest total debt-to-GDP ratio of the world’s 10 largest economies (Australia is 2nd best, Germany 3rd and the U.S 4th) while the U.K. and Japan are 9th and 10th but when such debt is broken down by sectors the findings are quite different. Let’s take a look. Words: 800
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