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submitted 3 months ago by schizoidman@lemm.ee to c/worldnews@lemmy.ml
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[-] hanabatake@lemmy.ml 12 points 3 months ago* (last edited 3 months ago)

As an aside, I love that they have to stick the “worlds second largest economy” line in, despite by every metric China being the worlds largest economy.

For those like me who didn’t understand: China is the first economy if we rank them by GDP PPP. USA is the first by nominal GDP. So depending if you use the definition of the WTO or the IMF, China or the USA is the first economy. But, what is funny is that even IMF says that the USA is the first economy and Chine the second. That doesn’t fit their own figures

this post was submitted on 17 Aug 2024
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