🌍 THE GLOBAL ECONOMY 🌐
The global economy in 2024 was valued at approximately $105 trillion, according to the International Monetary Fund (IMF). The United States remains the largest economy, with a GDP of around $28 trillion, accounting for roughly 26% of global output. China follows with a GDP of about $18.5 trillion, reflecting its rapid industrial growth and influence in global trade.
The European Union, collectively, holds a GDP of nearly $17 trillion, making it another major economic bloc. Meanwhile, emerging markets such as India, with a GDP surpassing $4 trillion, are gaining momentum, driven by digital transformation and demographic advantages.
Global assets under management (AUM) in the financial sector have crossed $115 trillion, showcasing the vast pool of capital circulating in global markets. Central banks, especially the U.S. Federal Reserve and the European Central Bank, control trillions in assets, influencing liquidity and interest rates.
Inflation averaged 5.8% globally in 2023 but is projected to ease in 2025 with tighter monetary policies. Global trade volume reached $32 trillion, with Asia accounting for 40% of that share.
As the world transitions to green energy and digital economies, global investments in renewable energy surpassed $1.7 trillion in 2023, indicating a shift toward sustainable assets and long-term resilience.
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