What happened in 2024
In the year of the Dragon 2024, there were two major technological business problems that shook the world. On the one hand, a Boeing vehicle flew into the international station and could not return, and on the other, Volkswagen announced the closure of two very large factories. These are symptoms of the technological and productivity problem in the West and its inability to compete with the East, beyond China. It was a year in which the economies of Asia grew again at rates above 5% and those of Latin America and Europe at less than 2%, with the US at a similar rate. The fiscal deficits of the G7 economies maintained their high trend and the public debts of these economies continue to rise above 100% of GDP, with no signs of reducing. The US is projected to continue to increase, while its GDP grows very moderately and with a massive external deficit despite neo-protectionism.
