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The New York metropolitan area, broadly referred to as the Tri-State area and often also called Greater New York, is the largest metropolitan economy in the world, with a gross metropolitan product of over US$2.6 trillion, [10] and the largest metropolitan area in the world by urban landmass, [11] [12] [13] encompassing 4,669.0 sq mi (12,093 km ...
A growing number of countries are confronting the dual challenges of population decline and aging, as younger generations opt to have fewer children and advances in healthcare extend life expectancy.
The World Bank noted that growth has been decelerating for years in the developing world – from a robust average of 5.9% a year in the 2000s to 5.1% in the 2010s to just 3.5% in the 2020s.
To illustrate the growing burden on younger people, the study noted that the world's support ratio was 9.4 in 1997, or more than nine working-age people supporting one older person.
New York City, characterized as the world's principal fintech and financial center, [11] [14] [15] [16] and the surrounding New York metropolitan area dominate the economy of the state. Manhattan is the leading center of banking, finance, and communication in the United States and is the location of the New York Stock Exchange (NYSE) on Wall ...
One theory of shrinking cities is deindustrialization or, the process of disinvestment from industrial urban centers. [12] This theory of shrinking cities is mainly focused on post-World War II Europe as manufacturing declined in Western Europe and increased in the United States, causing a shift of global economic power to the United States. [13]
Roughly half of all Americans live in the middle class, according to a 2021 study by the Pew Research Center, yet even the middle class has significantly shrunk -- around 11% since 1971. And while ...
The New York Times reported on June 10, 2020, that "the United States budget deficit grew to a record $1.88 trillion for the first eight months of this fiscal year." [130] The US economy recovered from the COVID-19 pandemic in 2021, growing by 5.7%, which was its best performance since Ronald Reagan's presidency (1981–1989). [131]