Whenever the inflation goes above the target level of 2%, FED increases their refinancing rate.
What: Indicated on the graph
When: 2000 January – 2018 June
Where: USA
Source: FRED and BEA
How are central banks fighting inflation? FED example.
Which world region has the fastest wage growth?
In Eastern Europe, they’ve risen a lot since 2000, but recently Asia and the Arab States are doing better.
What: mean real monthly earnings of employees, rebased index
When: 2000 – 2015 (well, data is old, but still gives an insight)
Where: World regions according to ILO
Source: ILO
Is food getting cheaper worldwide?
No! At least in absolute terms compared to the year 2000.
What: World food price indices
When: 2000 January – 2018 September
Where: World
Source: FAO
Are prices rising only in my country?
Nope, they’re rising everywhere. However, the rising is slower than it used to be.
What: Consumer prices inflation
When: 1980-2017
Where: World
Source: WB
Which world regions improved their GDP per capita the most?
Those who already are rich plus Asia. By the way, I never heard anyone talking about “starving Asian children”, but South Asia was much poorer than Africa back then.
What: GDP per capita in USD
When: 1980 and 2017
Where: World regions according to WB
Source: WB
Which world region has the biggest GDP per capita?
Of course it’s North America. But here what’s interesting – seems like South Asia is as poor as Africa (which is unexpected to me), but it’s growing much faster, 6% a year, whereas Sub-Saharan Africa – only 3%.
What: GDP per capita and GDP per capita growth.
When: 2017
Where: World regions according to WB
Source: WB
How shares of world regions in global GDP change over time?
Seems like Asia’s economic power is growing and Europe’s is shrinking.
What: Shares in global GDP
When: 1980-2017
Where: World regions according to WB
Source: WB