An Asian country has left the US behind and has occupied the first place in the ranking of the strongest economies on the planet
It is usually taken for granted that the US It is the strongest economy in the world. In fact, the North American country occupied in 2016 the first place of the 'ranking' of the GDP by the exchange rate in the market. However, Bloomberg says that this type of comparison does not reflect the real situation, since different items have different prices depending on the country where they are sold. For that reason economists use an adjustment called 'purchasing power parity' (PPA).
Although this indicator is not perfect either, it probably presents a more accurate picture of a country's GDP. And, once this adjustment is applied, it turns out that China has already surpassed the US. for its GDP.
In this sense, Bloomberg stresses that, although in the North American country itself "could be reluctant to recognize the economic supremacy of China", the data from the Pew Research Center indicate that in other countries they have begun to admit the leadership of the giant Asian.
Also, USA suffered a "substantial drop in global perception" in the recently published Anholt-GfK Nation Brands Index 2017, which lists the 10 countries in the world with the best global reputation, according to the web of that 'ranking'. After leading the list last year, the US now occupies the sixth place, surpassed by Germany, France, the United Kingdom, Canada and Japan.