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Research the GDP of at least two countries other than the US and compare the size...

Research the GDP of at least two countries other than the US and compare the size of those economies to the GDP of the US. Give a brief description of why these countries are doing well or what challenges to economic growth they face.

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Answer #1

GDP of India and China are 2.9 trillion dollars and 14.1trillion dollar respectively.

They are ranked number 3 and number 2 respectively

These countries are doing exceptionally well because of higher government spending, political stability, wider demographic, younger population, higjer consumption, better monetary policy regime, high forex resedves, lower trade deficit etc.

However challenging situations like global uncertainty, higher debt, rising unemployment are key challenges and impediments to growth.

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