Aug 6, 2018

The two biggest trends on Earth

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World Bank cuts growth forecast for fourth time in a row

Photo: Win McNamee/Getty Images

The World Bank cut its global growth forecast for the fourth straight time on Wednesday, reducing expectations by 0.2 percentage points each year for 2019, 2020 and 2021.

"Global economic growth is forecast to edge up to 2.5% in 2020 as investment and trade gradually recover from last year’s significant weakness but downward risks persist. ... U.S. growth is forecast to slow to 1.8% this year, reflecting the negative impact of earlier tariff increases and elevated uncertainty."
— World Bank statement on its Global Economic Prospects report
Go deeperArrowJan 9, 2020

Household income stagnates as home prices soar

Data: Census Bureau; Chart: Andrew Witherspoon/Axios

Despite a robust economy and low unemployment, household income hasn't changed much in the past 20 years.

Go deeperArrowDec 31, 2019

China overwhelming the West in cities over a million people

Photo: Brendan Smialowski/AFP/Getty Images

This decade began just after a historic inflection point, with 51% of the world's population living in urban areas.

By the numbers: That proportion has continued to rise steadily, reaching 55% as of 2018. It's climbed faster in China, up from 48% to 59% — meaning an additional 180 million people are living in Chinese cities.

Go deeperArrowUpdated Dec 30, 2019