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The United States is widening the economic gap with China

January, 31 2025

In 2024, the United States consolidated its status as the world's largest economy, surpassing China for the third year in a row due to the activity of its consumers. The US GDP increased by 5.3%, adjusted for inflation, while China's GDP grew by 4.2%, which confirms the growing gap between their economies. High inflation in the United States in 2022-2023 became the driver of monetary policy tightening, which had a positive impact on nominal indicators. China has experienced deflation, indic... Read More

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