The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - began to contract in the second quarter of 2008 as the.

Slides:

Advertisements

Similar presentations

Comparing European Economies

Advertisements

High-Level Seminar on E- Communications The development of the ICT sector during the crisis: International comparisons Information Technology Outlook Graham.

Linden Graber. * What caused the deficit? * How large are projected deficits? * How much reduction is necessary? * How quickly should the deficit be reduced?

The Polish economy in 2002 Frigyes Ferdinand Heinz Research Office (London) Bank of Tokyo-Mitsubishi Ltd.

© 2014 IHS Global Consumer Markets Outlook. © 2014 IHS A gradual acceleration in the global economy Led by the United States, global growth is picking.

Missouri Budget Update May 2012 Missouri Division of Budget and Planning.

The School Finance Outlook for and Beyond Legislative Revenue Office April 2010.

The Debt Crisis. Key things to know What is the national debt? the sum of all federal bills, notes and bonds that have been issued by the Treasury and.

1 America’s National Debt. 2 Important Concepts What’s the difference between deficits and debt? Deficits: The annual imbalance between revenues and spending.

Greece, Ireland and Portugal By Neil Olsen Ireland Portugal Greece.

Belgium, the Netherlands & Luxembourg Brian James.

 GDP: Trillion  GDP Growth Rate in 2010: 4%  Labor Force: Million  Unemployment Rate: 7.6%  Poverty: 13.1%  Budget: 262 Billion 

Romania and Bulgaria A Brief Overview Econ 270 – European Economic Integration Dr. Diego Méndez-Carbajo 5/17/05 Presented By: Peter Brown.

The Republic of Poland and Russian Federation. Russia.

Country Study: China. An Overview Until recently, a fastest-growing economy in Asia (10%) After 1978, China opened its ‘iron door’ for market- oriented.

Italy and Spain Basic Economic Information and Status in the European Union As Compiled by Rachel Kramer.

Germany and Austria Robert Kauffman European Economic Integration: Country Presentation Monday, May 9 th, 2005.

Germany, Italy, and Russia Comparative economy Ma, Lin & Xu, Hanqing.

Professor Emeritus of Economics February 25, 2015 REMNANTS OF THE GREAT RECESSION.

Fiscal Policy, Deficits, and Debt

International Comparison. Economy 2 Basic Facts Country Population, million (2011) Currency GDP, billion $ (2011) GDP per capita (PPP), $ (2011) Corporate.

Fiscal Policy, Deficits, and Debt

Disinflation, Crisis, and Global Imbalances, Firas Mustafa.

Fiscal Policy 12 McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

Estonia Another crises country. Background and History Details of the relevant history, pertinent to its economic condition. Position of the.

Mr. Gene Collins John B. and Lillian E. Neff Department of Finance College of Business and Innovation The University of Toledo.

Global Economic Outlook June Good News.

NOTE: To print these slides in black on white, choose grayscale under Options in print preview.

T HE E CONOMY OF H UNGARY ByDiyan Mitev. G ENERAL I NFO ON H UNGARY Area: total: 93,030 sq km – 115rank Population: 9,930,915 (July 2008 est.) Birth rate:

Fiscal Policy, Deficits, and Debt 13 McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

Fifth Edition Update 2005–2006. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 2 Figure 1 Personal Savings Rate Chapter 2 Update: Wealth.

Fiscal Policy, Deficits, and Debt 30 McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

Fiscal Policy, Deficits, and Debt 13 McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

Unit 1.04 The Business Cycle Measuring Economic Activity.

Information was retrieved from CIA World Factbook in August cations/the-world- factbook/index.htmlhttps://

South East Europe Regional Economic Report (SEE RER) No. 2 Poverty Reduction and Economic Management (PREM) Europe and Central Asia (ECA) Region The World.

Facing America’s Long-Term Budget Challenges Brian Riedl Grover M. Hermann Fellow for Federal Budgetary Affairs The Heritage Foundation.

ECONOMICS. Economy Types There are four types of economy in the United States Agricultural Service Industrial Information.

Jump-starting the Global Economy Bold Policy Recommendations for the G7 Countries Nariman Behravesh Chief Economist Global Insight October 28, 2002.

Population: 81,471,834 (July 2011 est.) Religion: Protestant 34%, Roman Catholic 34%, Muslim 3.7%, unaffiliated or other 28.3% Ethnic groups: German 91.5%,

RUSSIA. GDP = 5.6% “Gross Domestic Product” means all of a countries production. It is what everything that country owns added all together. Inflation.

1 Stability and Growth Economic recovery and fiscal adjustment in Italy Tommaso Padoa-Schioppa Italian Economy and Finance Minister London, July 25, 2007.

The Economy Ms. Dennis & Mr. Patten Participation in Government.

Fiscal Policy, Deficits, and Debt Chapter 13 Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior.

Economy of Moldova Presentation by Ecaterina Captari.

Dr. Ahmed M. Darwish Minister of State for Administrative Development Egypt Making Reform Happen “Structural Priorities in Times of Crisis” OECD - Paris.

© 2014 Brain Wrinkles.

Professor Emeritus of Economics October 24, 2015 The New Normal October, 2015.

Saudi Economic Outlook & Banking Beyond the Crisis King Fahd University Of Petroleum & Minerals December 2010 Said A. Al-Shaikh National Commercial Bank.

Germany Brandon Goehring Preston Van Winkle Christopher Keizer Julian Khalifa.

Say “Oui” To France Nicole Outen Lameka Fields /20/12.

Is not about quality but quantity From 1966 to 1970 under Leonid Brezhnev the Gross National Product (GNP) grew at a rate of around 5.3 percent per year.

2000 Economic Outlook Hawaii Economic Association Annual Conference April 28, 2000.

Comparing European Economies United Kingdom, Germany, and Russia.

{ Module 30: Long- Run Implications of Fiscal Policy Deficits and the Public Debt.

 Improving security environment and foreign investment are helping to spur economic activity  Foreign investment  Economy dominated by oil industry.

Do Now Do you know anyone who was impacted by the “Great Recession” that began in 2007? What happened to overall employment? What happened to the economy?

  GDP (Gross Domestic Product) – Basic measure of a nation’s economic output and income. Total market value of all goods and services produced in the.

Disinflation, Growth, Crisis and Recession, By Katja Fricker Paul Volcker Ronald Reagan.

Korean Economy Korea Economic Research Institute Korea Economic Research Institute.

Addressing Italy’s Slow Economic Growth. The Euro Area The Euro Area is currently in the middle of a recovery period from the economic crash of 2008.

UK has a Mixed economic system. It’s actually closer to a Market economy than any other European country. UK is economically strong; it’s one of the.

Comparing European Economies

United Kingdom Economic System UK has a Mixed economic system. It’s actually closer to a Market economy than any other European country. UK is economically.

Afghani Economy By Zach and Josh.

Credit: Information was retrieved from CIA World Factbook in August

Comparing European Economies

Comparing European Economies

Credit: Information was retrieved from CIA World Factbook in August

Comparing European Economies

Presentation transcript:

The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - began to contract in the second quarter of 2008 as the strong euro, high oil prices, tighter credit markets, and slowing growth abroad took their toll on Germany's export-dependent economy.

At just 1% in 2008, GDP growth is expected to be negative in Recent stimulus and lender relief efforts will make demands on Germany's federal budget and undercut plans to balance its budget by 2011.

The reforms launched by the former government of Chancellor Gerhard SCHOEDER, deemed necessary due to chronically high unemployment and low average growth, led to strong growth in 2007, while unemployment in 2008 fell below 8%, a new post-reunification low.

Germany's aging population, combined with high chronic unemployment, has pushed social security outlays to a level exceeding contributions, but higher government revenues from the cyclical upturn in and a 3% rise in the value-added tax cut Germany's budget deficit to within the EU's 3% debt limit in 2007.

The current government of Chancellor Angela MERKEL has initiated other reform measures, such as a gradual increase in the mandatory retirement age from 65 to 67 and measures to increase female participation in the labor market.

The modernization and integration of the eastern German economy - where unemployment still exceeds 30% in some municipalities - continues to be a costly long-term process, with annual transfers from west to east amounting to roughly $80 billion. While corporate restructuring and growing capital markets have set strong foundations to help Germany meet the longer-term challenges of European economic integration and globalization, Germany's export-oriented economy has proved a disadvantage in the context of weak global demand.

GDP composition by sector agriculture: 0.9% industry: 30.1% services: 69.1% (2008 est.)

LABOR FORCE: agriculture: 2.4% industry: 29.7% services: 67.8% (2005)

INFLATION RATE 2.7% (2008 est.) 2.3% (2007 est.)

EXPORTS $1.498 trillion (2008 est.) $1.35 trillion (2007 est.) IMPORTS $1.232 trillion (2008 est.) $1.079 trillion (2007 est.)

PRODUCTS OF THE AGRICULTURE: potatoes, wheat, barley, sugar beets, fruit, cabbages; cattle, pigs, poultry

FILOMENA LAQUATRA IIIBP