Is United States Economic Dominance Threatened?
The US appears to have staunched the precipitous decline in its economy. The economic crises and resulting breakdown of a functioning financial system appears to be healing. Indications suggest we are heading out of the Great Recession and into an era of slow growth with lower than desirable levels of job creation. The US continues to have the largest GDP of any country by far at around $14 trillion in 2008 (all numbers in USD) according to various sources quoted in Wikipedia. They say the World Bank has the Eurozone at $13 trillion while the CIA and IMF peg it at $18 trillion. The latter figure tops the US even if you throw in Canada and Mexico at around $1 1/2 trillion each. When considering single countries the US is by far the largest with Japan at $4.9 trillion coming up second. China is closing in with about $4.4 trillion. Brazil has passed up Canada at about $1.6 and $1.5 trillion respectively. Russia is right in that range too. India, Australia and Mexico cluster just above the
