If you listen to the media, then there’s a recession around the corner at any moment. But in realty GDP growth has never been stronger. Learn all about it in this new report from Jan Erik Horgen.
Jan Erik Horgen, a leading finance specialist and consultant, has covered world GDP growth in his latest report. Posted on LinkedIn, it highlights the steady growth of the GDP over the last 200 years and more.
He extrapolates that economic recession has a local impact, but globally it’s just a temporary slowdown as the GDP growth rate is as strong as it’s ever been.
Contrary to the doom and gloom always pedaled by the media, this led him to think of the Dire Straits song “Why Worry”.
More information can be found at: https://linkedin.com/pulse/why-worry-jan-erik-horgen
The report highlights world GDP development over the last 2,000 years, and emphasizes that the growth rate has been increasing steadily.
Jan Erik Horgen is a Wharton-educated specialist in finance, with an MBA in Finance. He is a Certified European Financial Analyst, and works as a trusted advisor to national governments, municipalities, companies, and others clients.
In addition to this, he is a bestselling author, business owner, and lead generation specialist for clients in a range of niches.
He wrote and launched the new GDP report after seeing an infographic from howmuch.net covering the world’s economic history. It charted the world’s GDP by year and highlighted major economic events.
However, one of the problems with the original graphic was that it did not use a log scale. This meant that it wasn’t possible to get an accurate picture of growth rates.
As a result of this, he adapted the chart to create a log scale graph, which provided a new long term view. Contrasting the dire warnings often featured in the media, it showed a more positive outlook for the world’s financial future.
The report states: “While it took us roughly 1870 years from year 1 to increase global GDP by 10 times, it only took 200 years, from 1820 until today, to increase global GDP from the 1820-level by 100 times! Simply put, the economy is growing 10 times faster in just the last 200 years than it did in all the 1800 years before.”
Despite challenging periods between the end of World War 2 and today, GDP growth appears on the chart to remain steady. The underlying growth rate is as high as it’s ever been, emphasizing that it’s more robust than many are making it out to be.
Full details can be found on the URL above, and interested parties can engage with Jan Erik Horgen on LinkedIn at: https://linkedin.com/in/janerik