Tag Archives : GDP

While Australia’s stock market lost 59 percent and a 5.7 percent unemployment rate also assailed the country, it is ‘the only developed country to avoid technical recession.’ Australia has breezed through the global economic downturn ahead of any other developed country. The country’s ‘stock market has bounced back almost 30 percent since [...]

The current global recession has brought about the hottest debate of the season: the fate of China in the world economy. The debate options are on either extreme, whether China will emerge as the global recession’s worst victim or its most successful survivor. If we are to go by economic reports, current analyses say that China is slowly emerging [...]

World Bank experts believe that the economic cost of the Influenza A (H1N1) pandemic could range from 0.7 percent to 4.8 percent of gross domestic product (GDP). The British firm Oxford Economics, associated with the renowned English university, said in a study published on 17 July that the pandemic could push one to two years the recovery of the global [...]

In 1982, US total carbon emissions fell 5.3 percent. After nearly 30 years in 2008, the country saw its biggest CO2 emissions reduction at 2.8 percent. The reasons were mostly tied to the financial meltdown: economic slump, reduction in energy use, and high fuel prices. Another interesting revelation is that while GDP went up 1.1 percent in 2008, the [...]

Japan at first appeared relatively unscathed from the global financial crisis. But now it may seem that Japan may be the worst hit of Asian Economies. The second largest economy in the world after the United States, is deteriorating at its fastest pace since the first oil crisis of the 1970s, hurt by rapidly shrinking exports and anemic spending at [...]