Three related topics here.
(1) GDP growth in Q1 2025
India reported their Q1 2025 GDP and it's a whooping 7.4% growth. Here are the top 6 largest economies in the world in GDP size at PPP values, 3 are with BRICS, 3 with G7. Also the ASEAN-5. GDP growth in %, Q4 2024 and Q1 2025, respectively.
India, 6.4, 7.4
China, 5.4, 5.4
Russia, 3.3, 1.4.
US, 2.5, 2.1
Japan, 1.3, 1.7
Germany, -0.2, 0.
Indonesia, 5.0, 4.9
Thailand, 3.3, 3.1
Vietnam, 7.6, 6.9
Malaysia, 4.9, 4.4
Philippines, 5.3, 5.4.
Taiwan, 3.8, 5.5
HK, 2.5, 3.1
S. Korea, 1.2, -0.1.
VN, IN and PH still the top 3 fastest growing medium-large economies in the world, those in the top 50 largest GDP size.
(2) Germany degrowth
Germany has eight consecutive quarters of either 0, flat growth, or contraction of -0.1 to -0.3% GDP performance. From Q2 2023 to Q1 2025, two years straight.
Any responsible leader/s should be ashamed of that, especially they are an industrialized economy, the largest economy of W.Europe. But shame is secondary to pursuing leftist and war mongering agenda.
Save Ukraine and Zelensky. Save Taiwan, save the planet, save illegal immigrants, save DEI. Save their economy from degrowth and deindustrialization is a secondary or tertiary priority. Bright Germany leaders. Really bright.
(3) Japan food inflation.
Japan inflation rate year on year (yoy) in %, Jan-April 2025: 4.0, 3.7, 3.6, 3.6, average 3.7.
PH inflation rate same period: 2.9, 2.1, 1.8, 1.4, average 2.05 or 2.0.
Some people still think our inflation rate is bad, it contributed kuno to defeat of half of admin candidates, ewww.
JP inflation in 2023 and 2025 are among the highest in JP economic history, and it has little or nothing to do with Ukraine war, Mideast war, Trump tariff, other fall guys. And the killer inflation is high rice prices, 90% higher than year ago level.
They should have imported fast enough from TH or VN, just few days away of boat trip as short-term measure and not waited for this to happen. Or perhaps they also have rice trade cartels, the usual punching bag here?
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See also:
Macroecon 30, PH low unemployment, high GDP growth, August 08, 2024
Macroecon 31, Low oil prices, low inflation, September 05, 2024
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