Recovery of Developed countries and its impacts on BRICS countries
|
|
- Elaine Merritt
- 5 years ago
- Views:
Transcription
1 Recovery of Developed countries and its impacts on BRICS countries Song Hong Institute of World Economics and Politics( IWEP), Chinese Academy of Social Sciences (CASS) New Delhi, Monday, 27February, 2012
2 I. The framework of World Economy The rest of other developing countries BRICS and other EEs Developed Countries
3 Developed countries The world s final demand mainly comes from those countries; USA, EU and Japan are also the hard currency countries, and the world main reserve currency countries; The sources of world technology(stock and flow), world FDI and other portfolio investments, educations and so on.
4 BRICS and other EEs All those countries are under the way of industrializing its economy; The main drivers of development are domestic demand and industrialization process----self-sustainable development stage;
5 The link of BRICS and Developed Countries The external demand in terms of export; The external investment in terms of inward FDI and portfolio investments; The external price of energy and resources, and to a large extent, the exchange rate; Huge stimulus policy after financial crisis in USA and EU, push local economy too hot.
6 The rest of the developing countries Still at the early stage of industrialization process, or pre-industrialization stage; Foreign aid; Some of the resource abundant countries also got linked to the development of BRICS in terms of export resources and energy; A lot of efforts still needed to take off.
7 II. The recovery of Developed countries USA is under weak recovery, the situation is improved gradually, and gently; Japan, is expected to a strong recovery, since last year earth quake; The problem is in EU. The European debt crisis is still unstable.
8 GDP growth rate,% EU,GDP growth rate,% Q USA Japan , EU,2.43;USA,
9 Unemployment rate,%, monthly Japan,% USA,% EU,% , USA, ,USA
10 III. The impacts and risks faced for BRICS This time, only one of the three developed economies is in recession, that is EU, not all of them; The impacts of it is much more less negative than that of 2008; For those countries, with high government debt and current account deficit, will face big challenges to survive this crisis.
11 The impact on China s trade export growth rate,% import growth rate,%
12 The drop of trade growth rate Export growth rate,% Import growth rate,% Agu.2011, Im 30.43,Ex
13 Russia and Brazil General government net borrowing General government net borrowing Current account deficit Current account deficit General government gross debt(right) General government gross debt(right)
14 China General government net borrowing Current account deficit General government gross debt(right)
15 South Africa and India General government net borrowing Current account deficit General government gross debt(right) General government net borrowing Current account deficit General government gross debt(right)
16 IV. Individually, not too optimistic For resource export money, must used cautiously; Those income based on international price, not stable, so can not be taken for granted; Once one country is in economic crisis, it will take several years or even decades to recovery.
17 Not too ambitious During financial crisis, the reasons behind most of the firms went to bankrupt are the break of the flow of cash. For a BRICS countries as well, not too ambitious to develop your economy during difficult time, otherwise you will face debt crisis, currency crisis and so on; or on the other hand, high inflation, the hot economy, and so on.
18 BRICS as a group BRICS countries are very complementary each other----some country is in deficit, some in surplus; Mutual opening of local markets each other; Currency swap to mintages the exchange risk, even the debt crisis; The investment cooperation; New bank for domestic saving exchange.
19 Thank you!
conclusions Gavin Cameron University of Oxford OUBEP Topical Economics 2006
the BRIC economies: conclusions Gavin Cameron University of Oxford OUBEP Topical Economics 2006 introduction Global Monetary Easing in 2001 3 Fuels consumer boom in West (esp. USA) Fuels investment boom
More informationExecutive Summary. The Transatlantic Economy Annual Survey of Jobs, Trade and Investment between the United States and Europe
The Transatlantic Economy 2011 Annual Survey of Jobs, Trade and Investment between the United States and Europe Daniel S. Hamilton Daniel S. Hamilton and Joseph P. Quinlan and Joseph P. Quinlan Center
More informationChristopher Balding Assistant Professor HSBC School of Business Peking University Graduate School Shenzhen
Christopher Balding Assistant Professor HSBC School of Business Peking University Graduate School Shenzhen Introduction Though potential opportunities for international institutional or policy coordination
More informationInternational Trade ECO3111
International Trade ECO3111 Some facts and questions about trade Chapter 1 Introduction How are trade patterns determined? Why does China export ipods to the USA? Why does Canada export wheat to Europe?
More informationProgress Towards Strong, Sustainable, and Balanced Growth. Figure 1: Recovery From Financial Crisis (100 = First Quarter of Real GDP contraction)
Progress Towards Strong, Sustainable, and Balanced Growth Figure 1: Recovery From Financial Crisis ( = First Quarter of Real GDP contraction) 13 125 196-26 AE Recessions' Range*** 196-26 AE Recessions**
More informationAgainst the Consensus Reflections on the Great Recession. Justin Yifu Lin National School of Development Peking University
Against the Consensus Reflections on the Great Recession Justin Yifu Lin National School of Development Peking University Contents What caused the global crisis A win-win path to recovery Can developing
More informationGlobal Financial Crisis and China s Countermeasures
Global Financial Crisis and China s Countermeasures Qin Xiao The year 2008 will go down in history as a once-in-a-century financial tsunami. This year, as the crisis spreads globally, the impact has been
More informationProgress towards Strong, Sustainable and Balanced Growth. Figure 1: Recovery from Financial Crisis (100 = First Quarter of Real GDP Contraction)
Progress towards Strong, Sustainable and Balanced Growth Figure 1: Recovery from Financial Crisis (100 = First Quarter of Real GDP Contraction) Source: OECD May 2014 Forecast, Haver Analytics, Rogoff and
More informationCZECH ECONOMY 2014 CZECH ECONOMY. Ing. Jaroslav Vomastek, MBA Director of the Department of Economic Analysis
2014 Overview of the Czech Economy GDP Employment Inflation Balance of Payments FDIs Balance of Budget Industry Foreign Trade Main Characteristics of the Czech Economy Small, open economy, strongly dependent
More informationSPANISH EXTERNAL SECTOR AND COMPETITIVENESS: SOME HIGHLIGHTS
SPANISH EXTERNAL SECTOR AND COMPETITIVENESS: SOME HIGHLIGHTS Summary Spain has significantly increased its trade openness in the last two decades Despite the global crisis and increased competition from
More informationEUROPEAN UNION SOUTH KOREA TRADE AND INVESTMENT 5 TH ANNIVERSARY OF THE FTA. Delegation of the European Union to the Republic of Korea
EUROPEAN UNION SOUTH KOREA TRADE AND INVESTMENT 5 TH ANNIVERSARY OF THE FTA 2016 Delegation of the European Union to the Republic of Korea 16 th Floor, S-tower, 82 Saemunan-ro, Jongno-gu, Seoul, Korea
More informationKOF Summer Forecast: EU Recovers Switzerland Takes a Dip
KOF Konjunkturforschungsstelle KOF Swiss Economic Institute ETH Zurich LEE G 6 Leonhardstrasse 89 Zurich Phone: + 6 9 kofcc@kof.ethz.ch Press Release Zurich, June, 9.am KOF Summer Forecast: EU Recovers
More informationCZECH ECONOMY 2014 CZECH ECONOMY. Ing. Jaroslav Vomastek, MBA Director of the Department of Economic Analysis
2014 Overview of the Czech Economy GDP Employment Inflation Balance of Payments FDIs Balance of Budget Industry Foreign Trade Main Characteristics of the Czech Economy Small, open economy, strongly dependent
More informationUK ECONOMY SITUATION & PROSPECTS
UK ECONOMY SITUATION & PROSPECTS 26 November 2013 Hermione Gough Counsellor Europe and Global Issues British Embassy Paris UNCLASSIFIED 1 The pace of recovery picked up further in Q3, with UK GDP expanding
More informationEmerging Patterns of Comparative Advantage in Trade between India and Italy
Emerging Patterns of Comparative Advantage in Trade between India and Italy Aditi Yadav and Daniele Langiu 3 st January 23 In this article two students, Aditi Yadav and Daniele Langiu, look for any emerging
More informationNational Income & Business Cycles
National Income & Business Cycles accounting identities for the open economy the small open economy model what makes it small how the trade balance and exchange rate are determined how policies affect
More informationThe GLOBAL and the EUROPEAN. Economic Outlook. Malaga, 19th May 2016 Christian Rebernig. handelsagenten.at
The GLOBAL and the EUROPEAN Malaga, 19th May 2016 Christian Rebernig Economic Outlook handelsagenten.at The influences in 2016 handelsagenten.at 2 Growth forecasts 2015, 2016 and 2017 World 3,1 / 3,2 /
More informationBRICS. THE CURRENT STATE AND THE PERSPECTIVES IN THE CHANGING WORLD
BRICS. THE CURRENT STATE AND THE PERSPECTIVES IN THE CHANGING WORLD Prof. Svetlana Glinkina Institute of Economy RAS, Moscow 5 December 2015 Emerging Economies Forum Guangzhou Baiyun International Convention
More information1 World Economy. Value of Finnish Forest Industry Exports Fell by Almost a Quarter in 2009
1 World Economy The recovery in the world economy that began during 2009 has started to slow since spring 2010 as stocks are replenished and government stimulus packages are gradually brought to an end.
More informationKorean Economic Trend and Economic Partnership between Korea and China
March 16, 2012 Korean Economic Trend and Economic Partnership between Korea and China Byung-Jun Song President, KIET Good evening ladies and gentlemen. It is a great honor to be a part of this interesting
More informationSession 11. Fiscal Policy
Session 11. Fiscal Policy Government size Budget balances Fiscal Policy over the business cycle Debt and sustainability Understanding Fiscal Policy: Government size Government size varies across countries.
More informationGlobal Economy is Expected to Grow by 3.4 % in 2016 GDP growth in 2016, %
Russia Brazil Mexico Rest of Latin America Rest of Eastern Europe Middle East and Africa Global Economy is Expected to Grow by 3.4 % in 216 GDP growth in 216, % 9 8 7 6 5 4 3 2 1-1 -2-3 -4 North America
More informationTeetering on the brink: is the world heading for another financial crisis?
Teetering on the brink: is the world heading for another financial crisis? Adrian Cooper CEO & Chief Economist acooper@oxfordeconomics.com Peter Suomi Director petersuomi@oxfordeconomics.com October 2011
More informationCurrency Asymmetry, Global Imbalance, and the Needed Reform of Global Monetary System
Currency Asymmetry, Global Imbalance, and the Needed Reform of Global Monetary System FAN Gang National Economic Research Institute China Reform Foundation May 2006 1.China s trade balance In most of past
More informationTRADE POLICY AND SUSTAINABLE DEVELOPMENT MEETING
TRADE POLICY AND SUSTAINABLE DEVELOPMENT MEETING Geneva, 6 -- 8 October 15 THE TRADE SLOWDOWN, TRADE DISTORTIONS, AND THE TPP Implications for Developing Countries Session-4 M r. Simon EVENETT Academic
More informationMACRO-ECONOMICS AND MACRO FINANCIAL CRISIS
MACRO-ECONOMICS AND MACRO FINANCIAL CRISIS Dr. Lê Xuân Ngh a 1. The world economy and perspectives. The recovery of the US economy continues to face difficulties. The CPI decreased by 0.1% in June indicating
More informationUK Economy and Globalisation Revision Notes if you do one thing..
UK Economy and Globalisation Revision Notes if you do one thing.. Globalisation - A Cause for Celebration or Not? This unit is about globalisation and international trade. There are both benefits and drawbacks
More informationLecture #8: How Scary is the US Trade Deficit?
Parsons, 2007 Lecture #8: How Scary is the US Trade Deficit? First, the facts: How big IS the US deficit? Well, if we look at the current account, whose largest component is the trade deficit, it was about
More informationExternal Trade. EU TRADE & INVESTMENT POLICY & THE ROLE OF FTAs. ASEAN OECD INVESTMENT POLICY CONFERENCE November 2010
EU TRADE & INVESTMENT POLICY & THE ROLE OF FTAs ASEAN OECD INVESTMENT POLICY CONFERENCE 18 19 November 2010 EU INVESTMENT AFTER LISBON LISBON TREATY STEPPING UP EU AMBITIONS: EU Investment policy EU Trade
More informationEconomic Outlook 2011/ /10/2010
GOOD NEWS OUR ECONOMY IS GROWING Professor Emeritus of Economics Thomas R. Brown Professor in Economics Education WE ARE NOT IN A RECESSION WE HAVE A LONG WAY TO GO TO A FULL RECOVERY WORST RECOVERY SINCE
More informationInternational Journal of Management (IJM), ISSN (Print), ISSN (Online) Volume 1, Number 2, July - Aug (2010), IAEME
International Journal of Management (IJM), ISSN 0976 6502(Print), ISSN 0976 6510(Online) Volume 1, Number 2, July - Aug (2010), pp. 98-105 IAEME, http://www.iaeme.com/ijm.html IJM International Journal
More informationEdexcel (A) Economics A-level
Edexcel (A) Economics A-level Theme 4: A Global Perspective 4.1 International Economics 4.1.7 Balance of payments Notes Components of the balance of payments The balance of payments is a record of all
More informationPOST-CRISIS GLOBAL REBALANCING CONFERENCE ON GLOBALIZATION AND THE LAW OF THE SEA WASHINGTON DC, DEC 1-3, Barry Bosworth
POST-CRISIS GLOBAL REBALANCING CONFERENCE ON GLOBALIZATION AND THE LAW OF THE SEA WASHINGTON DC, DEC 1-3, 2010 Barry Bosworth I. Economic Rise of Asia Emerging economies of Asia have performed extremely
More informationAsia Strategy For Global Investment Banks. Under Capital Market Uncertainty
Asia Strategy For Global Investment Banks Under Capital Market Uncertainty Author: Yao Yao, MIB 2002, Norwegian School of Economics Preface 2002 features the end of a 20-year long bull market and prolonged
More informationWhat questions would you like answered?
What questions would you like answered? Define the following: Globalisation an expansion of world trade leading to increased international interdependence GDP The value of goods and services produced in
More informationMINT: Myth or Reality
MINT: Myth or Reality ICAN Conference Seyi Bickersteth 9 October 2013 Contents 1 2 The BRICS Phenomenon Emergence of The MINT 3 MINT Growth Drivers 4 MINT: Current Realities/Challenges 5 Conclusions The
More information$3.56 trillion. $2.216 trillion
ECONOMY SUMMARY INTRODUCTION The main goal of this macro-study is to investigate Brazil and to get a global view of its economy. This chapter will focus on Brazil s economy by giving an answer to the following
More informationTHE WORLD S TOP 10 ECONOMIES
THE WORLD S TOP 10 ECONOMIES When it comes to the top 10 national economies around the globe, the order may shift a bit, but the key players usually remain the same, and so does the name at the head of
More informationEdexcel (A) Economics A-level
Edexcel (A) Economics A-level Theme 4: A Global Perspective 4.1 International Economics 4.1.9 International competitiveness Notes Measures of international competitiveness International competitiveness
More informationFive key investment themes for 2015
Five key investment themes for 2015 Exiting QE in the US was always going to be a path of uncertainty for central bankers, globally and for markets and investors. There is simply no exact precedent for
More informationRussia's Multilateral Aid
Russia's Multilateral Aid Bilateral and multilateral sources of development finance: evidence from Russia Anna Abalkina 31 October-1 November, Tokyo 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
More informationWho is following the BRICs?
Who is following the BRICs? By Dr Henry Loewendahl Managing Director WAVTEQ Ltd and Senior Advisor fdi Intelligence, Financial Times Ltd Abridged version of article published in fdi Magazine (April 2012).
More informationGlobal Overview of Containerboard ICCA/WCO May 23, 2011
Global Overview of Containerboard ICCA/WCO May 23, 2011 Dr. Lynn O. Michaelis Executive Adviser, RISI President, Strategic Economic Analysis Today s Agenda Global Economic outlook the major issues/concerns
More informationOverview of Hungary s economy
Overview of Hungary s economy Dr. Petra Ponevács-Pana Deputy State Secretary for Investment Promotion Ministry of Foreign Affairs and Trade of Hungary Helsinki, Finland 26th November 2018 Hungary s economic
More informationOCR Economics A-level
OCR Economics A-level Macroeconomics Topic 4: The Global Context 4.3 Balance of payments Notes Components of the balance of payments The balance of payments is a record of all financial transactions made
More informationGlobal economic issues and the impact on Shipping
1st Annual Marine Money Cyprus Forum Global economic issues and the impact on Shipping Andreas Assiotis, PhD 26 April 2017 Table of contents 1 2 3 4 5 Economic Fundamentals and Global Drivers 3 Global
More informationTwenty-Third Meeting of the IMF Committee on Balance of Payments Statistics Washington, D.C. October 25-27, 2010
BOPCOM-10/15 Twenty-Third Meeting of the IMF Committee on Balance of Payments Statistics Washington, D.C. October 25-27, 2010 Bilateral Cross-Border Holdings and Global Imbalances A View on the Eve of
More informationThe US current account deficit: dark matter or black hole?
The US current account deficit: dark matter or black hole? Globalization Outlook: Its Impacts and our Region s Response March 30, 2006, Shawnee State University, Portsmouth, Ohio Ian Sheldon OSU AED Economics
More informationThe yellow highlighted areas are bear markets with NO recession.
Part 3, Final Report: Major Market Reversal Model This is the third and final report on my major market reversal model. This portion of the model focuses on the domestic and international economy. I ve
More informationNuclear Negotiations and Iran s Economic Developments WWIC
Nuclear Negotiations and Iran s Economic Developments WWIC Bijan Khajehpour 22 May 2012 Agenda Discuss the latest economic indicators; Gauge the impact of sanctions on the Iranian economy; Take a closer
More informationEcon 340. The Issues. The Washington Consensus. Outline: International Policies for Economic Development: Trade
Econ 340 Lecture 19 International Policies for 2 3 The Issues The Two Main Issues: Should developing countries be open to international trade? Should developing countries be open to international capital
More informationCredit, Commodities, and Consumers: An Economic Update
Credit, Commodities, and Consumers: An Economic Update ROBIN J. ANDERSON, Ph.D. SENIOR ECONOMIST PRINCIPAL GLOBAL INVESTORS June 2015 All expressions of opinion and predictions in this report are subject
More informationAll the BRICs dampening world trade in 2015
Aug Weekly Economic Briefing Emerging Markets All the BRICs dampening world trade in World trade in has been hit by an unexpectedly sharp drag from the very largest emerging economies. The weakness in
More informationReview and Outlook. Review of 2011 and Outlook for the Coming Year
Review and Outlook Review of 2011 and Outlook for the Coming Year Overview Review of world economy in 2011 Review of world markets in 2011 Review of Eurozone conditions i and implications for investment
More informationCHINA AND INDIA: SUSTAINING HIGH QUALITY GROWTH
CHINA AND INDIA: SUSTAINING HIGH QUALITY GROWTH New Delhi March 19-20, 2012 Session V: Coping with Global Financial Instability Internationalizing the RMB: Pros and Cons Zhang Yuyan Presentation Internationalizing
More informationWHEN REBALANCING GOES BAD
BRIEFING Tony Dolphin December IPPR WHEN REBALANCING GOES BAD WHY THE CHANCELLOR S DEFICIT REDUCTION PLAN THREATENS THE ECONOMIC RECOVERY Institute for Public Policy Research ABOUT THE AUTHOR Tony Dolphin
More informationTrade & Economic Trends: Implications for Port Terminals Paul Bingham, Economics Practice Leader CDM Smith
Trade & Economic Trends: Implications for Port Terminals Paul Bingham, Economics Practice Leader CDM Smith AAPA Marine Terminal Management Training Long Beach, CA September 9, 2013 Marine Terminal Demand
More informationThe Global Economy Modest Improvement
Title line 1 Title line 2 The Global Economy Modest Improvement Name David Katsnelson, Director Title, date RISI Macroeconomic Service 3 June, 2015 1 Agenda 1. Global Snapshot 2. China 3. External Environment
More informationChina s Economy: Development Trends
China s Economy: Development Trends BRUSSELS INSTITUTE OF CONTEMPORARY CHINA STUDIES Duncan Freeman March 215 dfreeman@vub.ac.be CHINA S NEW NORMAL PRC GDP Growth 1978-214 (%) 16. 14. 12. 1. 8. 6. 4. 2..
More informationThe Global Economy. RISI Asian Forest Products Summit 22 June, David Katsnelson Director, Macroeconomics
The Global Economy Heightened drisks RISI Asian Forest Products Summit 22 June, 2016 David Katsnelson Director, Macroeconomics Agenda 1. Global Snapshot A Two-Track World 2. China Slowing, Not Crashing
More informationThe analysis and outlook of the current macroeconomic situation and macroeconomic policies
The analysis and outlook of the current macroeconomic situation and macroeconomic policies Chief Economist of the Economic Forecast Department of the State Information Centre Wang Yuanhong 2014.05.28 Address:
More informationGlobal Trade Flow Index Q July 2010
Global Trade Flow Index Q1-1 July 1 AGENDA Summary Index Preview Window for 1 The West-to-East Switch: BRIC Appendix 1 Capgemini Consulting All rights reserved GLOBAL TRADE FLOW INDEX_Q1-1.PPTX Global
More informationEMERGING MARKETS MAY MAKE A GOOD DRAFT PICK TO ADD TO PORTFOLIOS
LPL RESEARCH WEEKLY MARKET COMMENTARY KEY TAKEAWAYS We believe emerging markets (EM) score well when evaluated along some of the same criteria that NFL football teams use to assess potential draft picks:
More informationInternational Monetary System Reform and Asian Monetary and Financial Cooperation
International Monetary System Reform and Asian Monetary and Financial Cooperation Dr. Zong Liang Deputy General Manager Strategic Development Department Bank of China New Delhi, March 20, 2012 0 Contents
More informationCan Moscow be an International Financial Center?
Can Moscow be an International Financial Center? Moscow By Iftekhar Hasan, who thanks other authors who have provided information either directly or via web What is Important for Developing a Financial
More informationThe Global Economic Crisis: Asia and the role of China Elliott School of International Affairs, George Washington University March 31, 2009
The Global Economic Crisis: Asia and the role of China Elliott School of International Affairs, George Washington University March 31, 29 Anoop Singh Asia and Pacific Department IMF 1 Five key questions
More informationChina Economic Outlook 2018 Feb 13, 2018
Feb 13, Key Developments in Brief Economic Development Drivers of Growth Risks Predicted GDP growth of 6.5% in In 2017 growth exceeded the official target Service and modern production grow faster than
More informationThere are many different types of economic systems but we going to focus on three:
Economics is the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. There are many different types of economic systems but
More informationTable of contents. Acknowledgements... Explanatory notes... Executive summary...
Table of contents Acknowledgements... Explanatory notes... Executive summary... iii iv v Chapter I Global economic outlook... 1 Prospects for the world economy in 2014-2015... 1 Global growth continues
More informationECON 3010 Intermediate Macroeconomics Chapter 6
ECON 3010 Intermediate Macroeconomics Chapter 6 The Open Economy Imports and exports of selected countries, 2010 60 50 Exports Imports Percent of GDP 40 30 20 10 0 Australia China Germany Greece S. Korea
More informationThe Rise of Greater China and the Prospect of Hong Kong
The Rise of Greater China and the Prospect of Hong Kong Dr. XIAO Geng The University of Hong Kong 29 November 2003 Competitiveness = 1 / (transaction costs + factor costs) Transaction costs Costs of inadequate
More information10 Years After the Financial Crisis Uneven Progress and Some Structural Disconnects
10 Years After the Financial Crisis Uneven Progress and Some Structural Disconnects Karim Foda and Eswar Prasad * September 2018 The world economy has come a long way since the global financial crisis
More informationTrade trends and trade policy developments. Ian Ascough Head of Bilateral Trade Negotiations BIS/DfID Trade Policy Unit
Trade trends and trade policy developments Ian Ascough Head of Bilateral Trade Negotiations BIS/DfID Trade Policy Unit The big picture UK earnings from exports of goods exceeded earnings from exports of
More informationGlobal Helicopter Forecast
Global Helicopter Forecast C&P untapped demand is rising Key world economies are still underequipped TOP 10 Countries in 2016 ( H/C fleet in service) U.S.A. Russia Canada Brazil Australia United Kingdom
More informationPMI and economic outlook
PMI and economic outlook Chris Williamson Chief Business Economist, IHS Markit 1 st November 2017 2 PMI coverage Current coverage Expansion pipeline 40+ Countries covered 27,000+ Companies surveyed every
More informationFocus on: Hong Kong. International Business Report 2011 Economy focus series
Focus on: Hong Kong International Business Report 11 Economy focus series The recovery The economy rebounded strongly in, posting growth of 6.8 per cent as recovering global demand boosted exports. Prospects
More informationGCE AS/A level 1132/01 ECONOMICS EC2
GCE AS/A level 1132/01 ECONOMICS EC2 A.M. FRIDAY, 25 May 2012 2 hours 1132 010001 ADDITIONAL MATERIALS In addition to this examination paper, you will need: a calculator; a 12 page answer book. INSTRUCTIONS
More informationSolutions Conference Year End Global Economy & World Political Outlook Leon C. LaBrecque, JD, CPA, CFP, CFA RAIN IN EUROPE?
Solutions Conference Year End 2014 Global Economy & World Political Outlook Leon C. LaBrecque, JD, CPA, CFP, CFA RAIN IN EUROPE? Global Equity Markets: Returns EAFE Return to Reach 2007 peak* EME Return
More informationRussia s market for new light vehicles: Outlook and analysis Stanley Root 19 January 2012
www.pwc.ru/automotive Russia s market for new light vehicles: Outlook and analysis Stanley Root 19 January 2012 Contents 1. Global car production overview 2. Overview of the new Russian light vehicles
More informationStrengths (+) and weaknesses ( )
Country Report Australia Country Report Marcel Weernink Economic growth in Australia decelerates due to lower mining investments. The outlook depends heavily on demand from China for its commodities and
More informationvox Research-based policy analysis and commentary from leading economists
vox Research-based policy analysis and commentary from leading economists On the renminbi and economic convergence Helmut Reisen 17 December 2009 Must China let its exchange rate appreciate to reduce global
More informationWhere did the Wealth go? - After twenty years of WTO: only 26 countries are beneficiaries of globalization
Where did the Wealth go? - After twenty years of WTO: only 26 countries are beneficiaries of globalization Basel, Switzerland April 2015 www.commons.ch 1 Only 26 out of 173 countries benefit 173 Countries
More informationG20. Chow Lok Ching Sharon Mok Kwai Ching Cheung Hoi Lam
G20 Chow Lok Ching Sharon 1155079056 Mok Kwai Ching 1155077621 Cheung Hoi Lam 1155077323 What is G20? Short for Group of 20 Founded in 1999 > financial crises in the late 1990s and the growing influence
More informationChapter 2 International Flow of Funds
Chapter 2 International Flow of Funds 1. Recently, the U.S. experienced an annual balance of trade representing a. a. large surplus (exceeding $100 billion) b. small surplus c. level of zero d. deficit
More informationY qué está pasando en Brasil?
Y qué está pasando en Brasil? Ilan Goldfajn Chief Economist and Partner, Itaú Unibanco August, 2013 Summary Why has the Brazilian economy decelerated? The low growth and full employment paradox (new middle
More informationLecture 1. Global Imbalances
Lecture 1 Global Imbalances Saverio Simonelli University of Naples Federico II Fall 2017 International Macroeconomics Practical information Meeting: Monday, Tuesday and Wednesday, 10:15-12:00 Room: Dipartimento,
More informationAsia/Pacific Economic Overview
Copyright E. I. du Pont de Nemours and Company. All rights reserved. Distribution, reproduction or copying of this copyrighted work without express written permission of DuPont is prohibited. Asia/Pacific
More informationDivision on Investment and Enterprise
Division on Investment and Enterprise Readers are encouraged to use the data in this publication for non-commercial purposes, provided acknowledgement is explicitly given to UNCTAD, together with the reference
More informationFund Management Diary
Fund Management Diary Meeting held on 22 nd May 2018 How troubling is the rise in EM public debt? Emerging market debt, in aggregate, has risen to its highest share of gross domestic product since the
More informationPRIVATE BANKING PRIVATE BANKING
US (UNDERWEIGHT) Valuations remain high Downward revision to earnings forecasts persists Monetary policy realtively less supportive Recent rally relative to other markets looks March 211rebased 2 1 overstretched
More informationThe Impact of the Global Crisis on China and its Reaction (ARI)
The Impact of the Global Crisis on China and its Reaction (ARI) Ming Zhang * Theme: The current global financial crisis is having a significant negative impact on the Chinese economy. Summary: The current
More informationGlobal Imbalances: Structural Reform to Support Rebalancing of Global Growth
Global Imbalances: Structural Reform to Support Rebalancing of Global Growth Bernard Hoekman World Bank Banque de France/CEPII/PSE conference, After the Collapse, the Reshaping of Trade May 26, 2011 Industrial
More informationEconomy In Crisis: How Global Financial Crisis Affects India & The World?
Economy In Crisis: How Global Financial Crisis Affects India & The World? US Economy is in worst recession since the Great Depression and the Federal Government of the United States has already announced
More informationLeumi. Global Economics Monthly Review. Arie Tal, Research Economist. May 8, The Finance Division, Economics Department. leumiusa.
Global Economics Monthly Review May 8, 2018 Arie Tal, Research Economist The Finance Division, Economics Department Leumi leumiusa.com Please see important disclaimer on the last page of this report Key
More informationTHE IMPACT OF FINANCIAL TURMOIL ON THE WORLD COTTON AND TEXTILE MARKET
THE IMPACT OF FINANCIAL TURMOIL ON THE WORLD COTTON AND TEXTILE MARKET Presented by Paul Morris Chairman of the Standing Committee INTERNATIONAL COTTON ADVISORY COMMITTEE 1999 China International Cotton
More informationRebalancing Toward Sustainable Growth. Thomas M. Hoenig President and Chief Executive Officer Federal Reserve Bank of Kansas City
Rebalancing Toward Sustainable Growth Thomas M. Hoenig President and Chief Executive Officer Federal Reserve Bank of Kansas City The Rotary Club of Des Moines and the Greater Des Moines Partnership Des
More informationUNITED STATES U.S. jobless claims fall 5,000 to 348,000. Applications for benefits at lowest level since February 2008.
26 Mar 2012 UNITED STATES U.S. jobless claims fall 5,000 to 348,000. Applications for benefits at lowest level since February 2008. U.S. home sales fell in February, but upward revisions to January's pace
More informationChina s Growth Miracle: Past, Present, and Future
China s Growth Miracle: Past, Present, and Future Li Yang 1 Over the past 35 years, China has achieved extraordinary economic performance thanks to the market-oriented reforms and opening-up. By the end
More informationgrowth but still remains at approximately 1.5% of potential GDP.
THE UK ECONOMY IN FOCUS/APPLICATIONS Reminder of key objectives: Low and positive inflation (inflation rate target of 2%/- 1%) Sustainable growth of real GDP (no target) falling unemployment (no target)
More informationGlobal MT outlook: Will the crisis in emerging markets derail the recovery?
Global MT outlook: Will the crisis in emerging markets derail the recovery? John Walker Chairman and Chief Economist jwalker@oxfordeconomics.com March 2014 Oxford Economics Oxford Economics is one of the
More information