If you're a non smoker who despises smokers, there's an added win for you, too. Consider that vaping isn't like traditional smoking: there's no smoke, and it really doesn't smell bad at all. You can walk past or through a vape cloud and not smell a thing. Gone are your days as a smoker hater of having to roll your eyes and cough as you walk past smokers.
Here's a handy chart from Oppenheimer's John Stoltzfus. It reminds us that a little bit of growth in the U.S. will go a lot farther than a lot of growth out of China. And don't forget: Japan is the world's third largest economy, which shows just how high the stakes are as the country's leaders embark on extremely aggressive monetary policy.
Australia Economy. Australia has one of the world's largest economies and an annual gross domestic product of $1.525 trillion US (2014). Australia had the 12th largest GDP by nominal GDP and the 15th largest GDP per capita based on purchasing power parity (PPP). It is also the 19th largest global importer and exporter. The Australian service sector makes up 68 percent of its annual GDP.