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World Economy Review - February 2010
Relative to a year earlier, GDP in the OECD contracted by 0.7 per cent, compared to a 3.4 per cent decline in the third quarter of 2009. With the exception of the United States, where GDP was 0.1 per cent higher than a year earlier, GDP contracted in all the Major Seven economies. Most of the year-on-year decline in OECD GDP reflected developments in the euro area (13 countries), which accounted for 0.5 percentage points of the total. The International Monetary Fund (IMF) admitted a prevailing uncertainty about economic recovery, as the world has been hit by a strong crisis of bleak prospects. The IMF recently revised up its global growth forecast for this year and next and now expects the world economy to expand by 3.9% in 2010, followed by 4.3% in 2011. The projected expansion is heavily skewed towards the emerging economies, however, notably Asia, and within the advanced economi... The World Economy
For example, while attempts could be made to calculate the value of currently unexploited mining opportunities in unclaimed territory in Antarctica, the same opportunities on Mars would not be considered a part of the world economy - even if currently exploited in some way - and could be considered of latent value only in the same way as uncreated intellectual property, such as a previously unconceived invention. Beyond the minimum standard of concerning value in production, use, and exchange on the planet Earth, definitions, representations, models, and valuations of the world economy vary widely. It is common to limit questions of the world economy exclusively to Human economic activity, and the world economy is typically judged in monetary terms, even in cases in which there is no efficient market to help valuate certain goods or services, or in cases in which a lack of independent research or government cooperation makes establishing figures difficult. Typical examples are illegal drugs and prostitution, which by any standard are a part of the world economy, but for which there is by definition no legal market of any kind. | Monthly Average
news 06.03.2010 16:01 Russian economy grew 5.2 percent y/y in January 2010 23.02.2010 13:29 Japan Q4 2009 GDP grew 1.1 percent qtr/qtr and 4.6 percent annualised 30.01.2010 16:41 U.S. GDP Grew By 5.7 percent In The 4th Quarter of 2009 23.01.2010 13:52 Russian industrial production plunged 10.8% in 2009 and rose 2.7% in December 2009 19.01.2010 22:09 US industrial production rose 0.6% in December 2009 11.01.2010 21:58 Euro area GDP up by 0.4% and EU27 GDP up by 0.3% in Q3 2009 22.12.2009 22:10 Russia`s industrial output rises 1.5 percent in November 2009 16.12.2009 22:27 U.S. industrial production rises 0.8 percent in November 2009 12.12.2009 19:25 Japan`s Q3 2009 GDP growth revised down to 1.3 percent 30.11.2009 21:07 Japanese industrial production rose 0.5 per cent in October 2009 22.11.2009 15:40 US Industrial Production Up 0.1% in October 2009; CapU at 70.7% 16.11.2009 20:50 Euro area GDP up by 0.4% and EU27 GDP up by 0.2% |
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