United States

The nominal GDP of the US is estimated to exceed USD 21 trillion in 2019. The US economy accounts for 20% of the global output which is larger than China. The US service sector is much developed and technologically.

China

In the last few decades, the Chinese economy has witnessed astonishing growth. China is placed on the list of top 10 economics of the world. The nominal GDP of China is USD 9.2 trillion in 2019.

Japan

The Japanese economy is the third rank based on the nominal GDP forecast in 2019.  Japan is at USD 5.2 trillion. Japan’s economy was rapidly growing during 1960, 1970, and 1980. Despite this, Japan’s economy had not been impressive after 1990.

Germany

Germany captures fourth place among the top 10 economics with a nominal GDP of USD 4.2 trillion based on the forecasts for 2019. This year saw the country showing consistent results.

United Kingdom

The annual growth of the UK’s GDP was 2.8% between 1999 and 2008. Due to a dip in private consumption and dampening of fixed investments, the UK’s GDP is likely to slow down under uncertain conditions.

India

India has placed the fifth position in the topmost economies of the world with a nominal GDP of USD 2.9 trillion in 2019-20. Among the large economic countries, the economy of India has become the world’s fastest-growing economy.

France

The economy of France is the seventh topmost country in 2019. The country’s GDP will be represented at USD 2.9 trillion in 2019. At present, 70% of national GDP stems from the service sector.

Brazil

Brazil was showing a consistent 3.4% GDP growth before the global economic crisis year on year. If the economy shrank down in 2009, yet Brazil’s economy rebounded in the following year recording a 7.5% growth.

Canada

With a nominal GDP of USD 1.8 trillion, Canada is the tenth-largest economy on the earth. According to the estimate, Canada’s GDP is expected to be 2.0% this year.

“We continue to hope that the DPRK will respond positively to our outreach, and our offer to meet anywhere anytime without preconditions,” the US Envoy said during his five-day visit to South Korea. Well, the invitation to meet by US Envoy came after the North Korean leader Kim Jong Un had said that Pyongyang must prepare for both “dialogue and confrontation”.

The nuclear-armed nation North Korea is currently facing a lot of issues including food crisis and inflation. The North Korean state-run KCTV reported on Sunday that the leader Kim Jong Un held a meeting with some top officials to discuss the emergency measures being taken to overcome the food crisis. Recently, several media reports have claimed that a single packet of coffee in North Korea costs around $100.

North Korea has consistently claimed that it had no cases of the Coronavirus. However, the experts doubt this claim as the country has faced a massive economic crisis that has further led to inflation.

The US Envoy Kim also requested the UN security council members to restrict North Korean imports of oil and its exports of coal, textiles and fish. “We also urge UN member states, especially UN Security Council members, to do the same to address the threat posed to the international community by the DPRK,” said Kim, as quoted by AFP.