1st part. Global economy
GDP growth rate –recent data
| Countries |2007 |2008 |2009 |2010 |2011 |2012 |
|European Union |3,5 |2,2 |-5,2 |-2,1 |2,4 |0,7 |
|China |10,4 |11,2 |6,8 |10,7 |9,8 |8,9 |
|Russian Federation |8,5 |9 |0 |-3,8 |4,5 |4,8 |
Source: http://www.tradingeconomics.com
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Comment:
According to the research, GDP growth was fluctuating almost all the time in these main global four countries. The fall-off started in 2008 and reached the lowest growth rate in 2009. However, 2010 was the worst year for Russian Federation, they have a sharp drop in growth for almost 4%, but for United States it was the best year in previous 6 years. As for now, all four countries have positive GDP growth.
Government Debt to GDP
| Countries |2007 |2008 |2009 |2010 |2011 |
|United States |63,9 |64,4 |69,4 |84,2 |93,2 |
|China |16,2 |19,6 |17 |17,7 |17,7 |
|Euro Area |68,4 |66,2 |69,9 |79,3 |85,1 |
Source: http://www.tradingeconomics.com/
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Comment:
According to Statistical research, on the first place is United States (ascending) with highest Debt to GDP nowadays 93.2 %, the next is Euro Zone with highest Debt to GDP 85.1%, and the last is China with comparatively low Debt to GDP 17.7%. China has a stable economy, with quite steady rates; it is distinctly that financial crisis influenced US and EU economy