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But overall, the rate of poverty, including extreme poverty, has dropped sharply since the 1990s, and has continued to decline over the past few years.
Most countries whose economies are largely dependent on oil and other commodity exports are worse off today than five years ago.
Venezuela is an extreme case of high oil dependency, top-to-bottom corruption (the words of a Venezuelan whom I know), and plain stupid incompetence.
Perhaps less extreme examples are Brazil and Ecuador, both in more or less deep recession over the past two or three years.
China's economic growth has slowed.
The promise of globalization was that incomes of average people everywhere would rise on the wave of US and others' consumer spending: in the event, however, average incomes the world over have stagnated, starting in the US, and there is no relief in sight.
Meanwhile Ukraine is probably just as corrupt today as it was five years ago, though I am not sure if one would include Ukraine and Russia among "developing" countries (depends on how the word is defined - Canada's economy is also floundering).
Good times over the past five years for those who produce or steal and sell war materiel in the Oil Crescent and thereabouts.
Most countries whose economies are largely dependent on oil and other commodity exports are worse off today than five years ago.
...
Meanwhile Ukraine is probably just as corrupt today as it was five years ago, though I am not sure if one would include Ukraine and Russia among "developing" countries (depends on how the word is defined - Canada's economy is also floundering).
Canada's economy isn't floundering. The province of Alberta is where the oil industry is based, and that's floundering. But the rest of the country isn't exactly cratering.
Canada's economy isn't floundering. The province of Alberta is where the oil industry is based, and that's floundering. But the rest of the country isn't exactly cratering.
YoY quarterly, Canada was in recession the first six months of 2015, the rebound in 2H15 was anemic and estimated growth in 1Q16 was 0.6% (and will probably be revised downward); the last time Canada GDP growth mustered 1% was in 2013. For 2Q16, TD Bank is estimating a 0.9% contraction. The growth outlook for the rest of 2016 has been downgraded.
The Canadian economy, like much of the rest of the world, is floundering, like a sideways fish. WwWwWwW.
YoY quarterly, Canada was in recession the first six months of 2015, the rebound in 2H15 was anemic and estimated growth in 1Q16 was 0.6% (and will probably be revised downward); the last time Canada GDP growth mustered 1% was in 2013. For 2Q16, TD Bank is estimating a 0.9% contraction. The growth outlook for the rest of 2016 has been downgraded.
The Canadian economy, like much of the rest of the world, is floundering, like a sideways fish. WwWwWwW.
Good Luck!
We're not even in a recession, and we're "floundering"? I'd hardly noticed...
Nigeria may count but even with Oil down Lagos and Abuja have been flourishing, and the president is less incompetent than Goodluck Jonathon now 25 years ago that is more of a toss up.
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