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Tag Archives: GDP

The Biggest Economies in the World

Infographics

Looking at global GDP at constant 2017 prices, but adjusted for purchasing power/cost of living, China was the biggest economy in the world in 2019, with an adjusted GDP of more than $22.5 trillion, according to the World Bank. While the Chinese economy …

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Budgeting amid uncertainties and aspirations

Budgeting amid uncertainties and aspirations

The federal budget for 2020-21 is set in difficult circumstances with an exceptional degree of uncertainty generated by COVID-19. The economy was already reeling under the sharp slowdown brought on by the macroeconomic adjustment that began last July with accession …

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Budget 2020-21: a critical view

Budget 2020-21: a critical view

The budget proposals for 2020-2021, prepared by the Adviser on Finance and Revenue, Dr. Hafeez Shaikh — against the backdrop of potentially the biggest public health emergency and economic downturn in generations — and presented on the floor of the …

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COVID-19 and Pakistan’s economy

COVID-19 and Pakistan’s economy

Before the COVID-19 outbreak, Pakistan’s economy was already struggling to stay afloat but was in no danger of collapse. However, the pandemic has severely impacted the nation’s economy and may virtually push it to the brink of bankruptcy. While almost …

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