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Aili Saito

BBC News - UK economy in double-dip recession - 1 views

www.bbc.co.uk/...business-17836624

shared by Aili Saito on 07 Jun 12 - No Cached
  • double-dip recession
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      can be represented by a AD/AS graph (shift left in AD) -> leads to recession
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      UK was once in recession and they returned back into recession soon after
  • construction output
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      the demand of construction decreased and the AD decreases (shifts to the left)
  • economic output was slightly smaller now
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      again, there was a decrease in AD
  • ...6 more annotations...
  • everything we can" to generate growth
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      this could be monetary/fiscal policies
  • production industries decreased by 0.4%, construction decreased by 3%
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      both examples of why AD has decreased that lead to recession
  • government spending
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      a fall in government spending = leads to a fall in AD (AD=C+I+G+(X-M))
  • 25% in public sector housing and 24% in public non-housing and with a further 10% cuts to both anticipated for 2013
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      the decrease in government spending has surpassed the anticipated increase in other factors of AD
  • guarded optimism
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      there seems to already be business/consumer confidence
  • little more aggressive in terms of recruitment and investment.
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      the government wants to increase business confidence 
Ryo Sakai

Spain goes from boom to bust in a hectic 10 years - Yahoo! News - 4 views

news.yahoo.com/-years-193837034--finance.html

shared by Ryo Sakai on 31 May 12 - No Cached
  • —Unemployment starts ticking higher. The jobless rate, which stood at 8.3 percent in 2007, jumps to 18 percent in 2009. It is now almost 25 percent. Property prices begin to decline, and the real estate boom eventually bursts, as demand plummets.
    • Ryo Sakai
      Ryo Sakai on 01 Jun 12
       
      Boom and the bust represents the business cycle. The boom being the positive output gap and the bust representing a negative output gap (recession) In this case Spain was experiencing a boom, but after a while they faced a recession because they did not have spare capacity in the factors of production as they use to have (used too much doing the boom)
  • the jobless rate for those aged between 16 and 24 is 52 percent.
    • Faizal Zubir
      Faizal Zubir on 01 Jun 12
       
      Because of the very high unemployment rate, it is very difficult for Spain to get out of recession. This is one of the reasons why Spain may be forced to ask for a bailout.
  • in sales taxes to get a handle on the size of government debt and appease markets.
    • Faizal Zubir
      Faizal Zubir on 01 Jun 12
       
      Possible evaluation: Higher tax may increase the government's income, but based on Laffer Curve, if the new tax rate is beyond the most effective tax rate, then in reality, income can be lower.
  • ...1 more annotation...
  • —The conservative Popular Party, led by Mariano Rajoy, takes office in December 2011.
  • Ryo Sakai on 31 May 12
     
    Boom and the bust represents the business cycle. The boom being the positive output gap and the bust representing a negative output gap (recession) In this case Spain was experiencing a boom, but after a while they faced a recession because they did not have spare capacity in the factors of production as they use to have (used too much doing the boom)
Shoko Kuroda

BBC News - Energy committee attacks UK carbon price - 0 views

www.bbc.co.uk/...business-16728207

shared by Shoko Kuroda on 09 Jun 12 - No Cached
    • Shoko Kuroda
      Shoko Kuroda on 09 Jun 12
       
      Minimum price, therefore it is micro economics 
  • higher carbon options more expensive.
  • developing a low carbon economy
  • ...12 more annotations...
  • reducing uncertainty and creating incentives for investment in low carbon electricity generation now, so we have lower emissions in the future,
  • put aside money
  • The governmen
  • £250m package of support."
  • The government expects to raise £1.4bn
  • However the recession has significantly reduced industrial output - and so demand for credits to cover industrial emissions has also fallen.
  • If the actual price is below the floor, companies must pay the difference to the Treasury.
  • The extra cost will be passed on to consumers, it warns.
    • Shoko Kuroda
      Shoko Kuroda on 09 Jun 12
       
      If Carbon becomes more expensive, this reduces the number of firms which still can afford the price and therefore leads to reducing the amount of Carbon. 
    • Shoko Kuroda
      Shoko Kuroda on 09 Jun 12
       
      Recession, the business cycle suggested by Keynes can be introduced with a digram and explanation. 
    • Shoko Kuroda
      Shoko Kuroda on 09 Jun 12
       
      A diagram representing the impact of minimum price should be drawn and explained. Consumer burden needs to be explained as well. 
    • Shoko Kuroda
      Shoko Kuroda on 09 Jun 12
       
      This can be explained to support why when an economy is in recession, it has a similar impact as minimum price has. In addition, this also has a negative affect on the government who has the benefit of minimum price since then they are able to collect the money. Therefore this reduces the intention of the government to set a minimum price since they would have less benefit when the economy is in a recession. 
Emily Hoshi

Panasonic looking to slash HQ personnel | The Japan Times Online - 2 views

www.japantimes.co.jp/...nb20120530a1.html

shared by Emily Hoshi on 01 Jun 12 - No Cached
  • Panasonic looking to slash HQ personnel
    • Emily Hoshi
      Emily Hoshi on 01 Jun 12
       
      Panasonic (oligopolistic firm) is considering to cut workers due to recession, so microeconomics on oligopoly with the x-axis with quantity and y-axis with price can be made.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      In the end, is it possible to find a way to NOT cut workers?
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      In your IA maybe you could add a simple note saying how long the recession has been going on.
  • reduce costs and streamline the organization
    • Emily Hoshi
      Emily Hoshi on 01 Jun 12
       
      I assume this section is saying that they are trying to reduce costs of production and increase efficiency. However, in most cases if a firm tries to lower the price they would lose customers due to price war between other firms that produce homogenous goods so it would be risky to change prices when its oligopoly. Although, their main aim is to recover its business so they are trying to cut many workers, reduce costs and increase efficiency.
  • drastic workforce downsizing at its Osaka
    • Emily Hoshi
      Emily Hoshi on 01 Jun 12
       
      Brings marginal cost shift inwards and by that also the average cost shift inwards as well 
    • Emily Hoshi
      Emily Hoshi on 01 Jun 12
       
      Slush in labours at Panasonic Corps in Osaka 
  • ...5 more annotations...
  • recovery of its business performance at an early date by speeding up decision-making, in addition to cost cuts after logging a massive group net loss in the business year
    • Emily Hoshi
      Emily Hoshi on 01 Jun 12
       
      Same points made from the previous paragraph, due to recession they are aiming to increase efficiency and cut costs
  • redirecting company resources into new growth areas
    • Emily Hoshi
      Emily Hoshi on 01 Jun 12
       
      I assume that "new growth areas" is to move the company to a more rural area because having a business at a city has a high land cost where rural areas can be much cheaper therefore, this can benefit the firm by having the cost curves to shift outward. 
  • energy-efficient products and solar panels
    • Emily Hoshi
      Emily Hoshi on 01 Jun 12
       
      One of the factors of production, capital by having new technology such as (mentions here) solar panels. It reduces the light energy use, etc costs in the company.
  • loss of ¥772.17 billion
    • Emily Hoshi
      Emily Hoshi on 01 Jun 12
       
      This can be shown on demand and supply where supply shifts outward, showing the loss of 772.17 billion yen on the price axis 
  • 36,000 over the year to some 330,000
    • Emily Hoshi
      Emily Hoshi on 01 Jun 12
       
      This can be shown on phillips curve (?) to show the increase in unemployment rate by having the aggregate demand to shift inwards. 
  • Emily Hoshi on 06 Jun 12
     
    this is my IA
Shoko Kuroda

Weak Job Growth in May as Unemployment Rate Ticked Up - NYTimes.com - 0 views

www.nytimes.com/...n-may-jobless-rate-at-8-2.html

shared by Shoko Kuroda on 04 Jun 12 - No Cached
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      The title of the article indicates that it is about unemployment which is in the field od macroeconomics. 
  • global slowdown as the European crisis escalates.
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      This sentence indicates the correlation between the unemployment fear of workers in America and the European crisis with countries referred as 'PIGS'. 
  • ...22 more annotations...
  • the nation’s employers added the fewest jobs in a year and the unemployment rate actually rose,
  • serious vulnerability for President Obama as he faces re-election
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      The significance of unemployment rate is clearly indicated, such as the the impact on Obama's re-election. 
  • The unemployment rate rose to 8.2 percent in May from 8.1 in April, though largely because more people began looking for work.
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      Unemployment raises when there is more demand for working because no matter whether there is an increase or decrease in the working labour force, the number of available jobs are limited. Because there is a limited number in the number of jobs, the increase in demand for employment raises the unemployment rate. 
  • another recession.
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      The word 'recession' can used to introduce the Keynesian economics with the boom and the busts cycles and monetary and fiscal policies to reduce these cycles. 
  • The report on American jobs added to the global pall that has deepened with Europe’s debt crisis and slowing growth in China and India.
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      This indicates the influence of America's unemployment rate as well as their economic growth to the other major countries, such as China and India. A increase in America's unemployment rate resulting in a decrease in America's GDP growth has affect on the economy of China and India, such as in exporting goods. 
  • Yields on United States and German government bonds also slumped as investors bid up the bonds’ prices looking for safety.
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      The decrease in the prices of government bonds in Germany and United States indicates that the citizens dont have the trust to these countries for their skill to return the money with a fixed amount of tax. This is also another indication for the economy not doing well. 
  • The underlying pace of the domestic economy is a slog, driven by manufacturing and restrained by slackening global demand.
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      The main factor of decrease in America's GDP is stated as the overall decrease in the demand for goods since many economies are not successful. 
  • “Manufacturers are very concerned about Europe because a blowup in Europe means a global slowdown,”
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      Europe can be noted as one of the important continents which greatly affect the global economy. 
  • diverse,
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      Whether a company has a diverse target audience or not can be a indicator to determine the impacts of global slow down in markets. 
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      A graph illustrating a global decrease in demand can be applied to draw the consequences of decrease in GDP. 
  • Obama’s economic policies.
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      The economic policies which President Obama used can be described thoroughly in this section, such as fiscal and monetary and their success. 
  • The May jobs report showed gains in health care, transportation and warehousing, and wholesale trade, while construction jobs fell by a seasonally adjusted 28,000. Even some bright spots, like booming auto sales, failed to meet expectations or to bolster manufacturing employment by much — only 12,000 jobs.
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      Both the positives and the negatives of America's economy can be explained more in depth and the impact of each factor to the market. 
Shoko Kuroda

U.S. Growth Slows to 2.2%, Report Says - NYTimes.com - 1 views

www.nytimes.com/...s-to-2-2-rate-report-says.html

shared by Shoko Kuroda on 31 May 12 - No Cached
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      It clearly states that the increase in consumer confidence shifted the AD curve to the right and how this lead to the stable US GDP growth
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      can draw a graph describing the growth in GDP by a AD curve shift to the right
  • Business investment, which had been a bright spot, declined in the most recent quarter.
  • ...24 more annotations...
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Business investment is stated as another factor which contributed to the decrease in GDP growth 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Explanation as to what is GDP, its definition and the major factors which influence GDP. GDP= C (consumption)+G (government spending) +I (investment) +(X-M) (exports- imports)
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Could give an insight to some statistics as to what the GDP growth rates are for few countries around the world 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Evaluate on the two different perspectives and the extent to both are valid 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      reducing unemployment is another factor which affects GDP. State and explain how employment increases GDP. When people are employed this increases consumer confidence and results in consumers to be more willing to pay for goods and services and therefore increases consumption which is a big part of GDP. 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Explain the relationship between the GDP of other countries. Such in this time period, Greece as a country was going the path of becoming bankrupt. The Euro-crisis contracted the economy of many countries. When they have a smaller economy, they have less amount of exports and therefore this could have made the difference between exports and imports significant and influenced GDP. 
  • Government spending also fell
  • particularly large drop in military outlays.
  • Many economists pointed out that consumer spending, mostly on cars and other large items, seemed to have come at a cost. Consumer savings declined.
  • decline in business investment.
  • Businesses spent more on equipment and software but much less on infrastructure.
  • decline in investment in
  • construction related to mining, oil and gas
  • series of external shocks, like a spike in gas prices (this year’s was less severe and is already subsiding) and the Ja
  • panese earthquake.
  • where many countries are already in recession and where this week Britain announced that it had entered the dreaded “double dip.”
  • slowing of China’s breakneck
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Decline in business investment, infrastructures invest more money therefore bring a bigger influence on growth of GDP whereas equipment and software have little affect since it is not as expensive as building roads and buildings. 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Investment on construction of mining, oil and gas is similar to business investment on infrastructure since they acquire a lot of money whereas spendings on factories and office buildings are not as expensive as construction related spending. 
  • Shipments of durable goods increased last month, but new orders showed the steepest drop since January 2009.
  • unemployment benefits have risen.
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Unemployment benefits have risen, indicating that since there is a population who dont have a job, the government has to afford them unemployment benefits which reduces GDP. 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Natural hazards such as the Earthquake and Tsunami which hit Fukushima on March 11, reduced the exports of Japanese goods to foreign countries due to the news of radiation. Because of a decrease in demand for Japanese goods, this could have reduced imports for America and a smaller difference between exports and imports of goods. 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Because China has such a global impact on the world's economy, the slowing growth of the Chinese economy could reduce consumption of goods, considering the fact that the prices of Chinese goods could increase. 
Derek Schwung

BBC News - Spanish unemployment hits record 5.64 million - 0 views

www.bbc.co.uk/...business-17866382

shared by Derek Schwung on 31 May 12 - No Cached
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Current unemployment rates in Spain
  • Monday are expected to confirm that Spain has fallen back into recession.
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      A result/consequence of the unemployment levels. 
  • ...17 more annotations...
  • 0.4% in first three months of this year, after shrinking by 0.3% in the final quarter of last year.
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Decrease in GDP is a cause for the high unemployment. 
  • Spanish retail sales were down 3.7% in March from the same point a year ago, the 21st month in row sales have fallen.
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Sales = consumer spending. Less consumer spending/confidence will result in a decrease in GDP
  • The rate has risen sharply since April 2007, when it stood at 7.9%.
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Comparison to what the unemployment figures before the recession. 
  • The new government has announced reforms to the labour market, including cutting back on severance pay and restricting i
  • nflation-linked salary increases, that it hopes will ease the problem.
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      What spain is doing to remedy the unemployment. 
  • The government has also introduced drastic spending cuts designed to reduce its debt levels and meet deficit targets agreed with the European Union. These cuts are contributing to Spain's economic contraction.
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Even though government expenditure would increase the AD/GDP, which would result in more employment, Spain is being forced to reduce government spending. 
  • S&P predicts the Spanish economy will shrink by 1.5% this year, having previously forecast 0.3% growth.
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Large decrease in GDP 
  • "We believe that the new government has been front-loading and implementing a comprehensive set of structural reforms, which should support economic growth over the longer term," S&P said. "In particular, authorities have implemented a comprehensive reform of the Spanish labour market, which we believe could significantly reduce many of the existing structural rigidities and improve the flexibility in wage setting."
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Solutions to the problem by analysts. 
  • The yield on 10-year bonds rose to 5.96%, up from 5.81%, suggesting investors were becoming more wary of Spain's ability to repay its debts.
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Investors are also key in GDP, which would boost economy, but they are weary. 
Aili Saito

U.S. economy picks up speed but doubts surround 2012 outlook - Jan. 27, 2012 - 1 views

money.cnn.com/...index.htm

shared by Aili Saito on 07 Jun 12 - No Cached
  • seasonal trends
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      GDP can vary due to seasons - similar to seasonal unemployment
  • business investment
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      will lead to a decrease in AD
  • The United States economy picked up speed
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      GDP increase = could express this on an AD/AS graph where the AD shifts to the right as well as AS shifts to to the right (both increase) - also leads to inflation
  • ...7 more annotations...
  • their inventories
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      production increased
  • consumers increased their spending
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      consumption increased (leads to a shift in AD to the right)
  • overall weakness
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      could possibly lead to a recession in the future
  • businesses building up their stock of goods
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      main reason of increase in GDP is the increase of production and increase of stock (AS related)
  • confidence
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      consumer/business confidence will lead to an increase in AD
  • the report showed GDP grew only 0.8% in the fourth quarter, compared with 3.2% in the third.
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      there is a decrease in GDP growth - could possibly lead to a recession (negative GDP growth)
  • too weak to warrant higher interest rates any time soon
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      as interest rates increase, it will lead to an increase in government revenue/profit for banks but also, a decrease in AD
Emily Hoshi

The 86 million invisible unemployed - May. 3, 2012 - 1 views

money.cnn.com/...index.htm

shared by Emily Hoshi on 01 Jun 12 - No Cached
  • population growth
    • Emily Hoshi
      Emily Hoshi on 01 Jun 12
       
      :D?
  • labor force is now at its smallest size since the 1980s when compared to the broader working age population.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      One of the reasons to why there as an increase in unemployment.
    • Emily Hoshi
      Emily Hoshi on 01 Jun 12
       
      Two graphs with the unemployment in micro perspective graph and the boarder working age population (basically population graph of workers) graph to compare and analyze the effects 
  • Last year, 86 million Americans were not counted in the labor force because they didn't keep up a regular job search. Most of them were either under age 25 or over age 65.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Could use the numbers and percentages to create a graph.
    • Emily Hoshi
      Emily Hoshi on 01 Jun 12
       
      This can be shown with unemployment in microeconomics perspective graph
  • ...11 more annotations...
  • that doesn't include the millions of nonworking adults who aren't even looking for a job anymore.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Since unemployment is when a worker is willing and able to work at a given wage rate but there is no job (work) available, when they have given up to look for a job they are not counted in the unemployment rate anymore.
  • unemployment rate is falling
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Could show the unemployment fall on a graph.
  • A person is counted as part of the labor force if they have a job or have looked for one in the last four weeks.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Definition
  • 63.6% of Americans over the age of 16 fell into that category
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Again, could use the statistics to show how it has hit a very low labour force participation rate.
  • Only people looking for work are considered officially unemployed.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Again, definition of unemployment.
  • The unofficially unemployed
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      It is not that the people who were unemployed were not looking for jobs at all.
  • weren't consistently looking for one
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      The reason for them being "unofficially unemployed".
  • Older people, ages 65 and over, account for more than a third.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      They can live on either their savings or the money from the government. 
  • Young people between 16 and 24 make up another fifth.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Off for education?
  • unemployed
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Types of unemployment: structural, frictional, cyclical, seasonal, natural rate
  • recession
Isabella Yamamoto

Paul Krugman attacks Britain's austerity drive as 'deeply destructive' | Business | gua... - 2 views

www.guardian.co.uk/...n-austerity-deeply-destructive

guardian

shared by Isabella Yamamoto on 31 May 12 - No Cached
  • increasing it by 2% of GDP
    • Isabella Yamamoto
      Isabella Yamamoto on 31 May 12
       
      I can talk about the multiplier effect and how increasing in spending can lead to a boost in AD
  • austerity policy as "deeply destructive"
    • Isabella Yamamoto
      Isabella Yamamoto on 31 May 12
       
      I can look at the argument made for increasing spending during a recession, and look at the argument made against.
  • to do so would be to admit its mistake
    • Isabella Yamamoto
      Isabella Yamamoto on 31 May 12
       
      Perhaps I could look at how political interests can mean that policies do not always pass policies that are in the best interest of a countries economy.
  • ...1 more annotation...
  • 30% of unemployed people having been out of work for 52 weeks or more, compared with 9.5% in 2008.
    • Isabella Yamamoto
      Isabella Yamamoto on 31 May 12
       
      How austerity measures reduce spending in public + private sectors. How that leads to more jobless. Can also look at structural unemployment and how AD will continue to fall because of lower income per capita.
Arla Takala

Spain unemployment hits record high - Europe - Al Jazeera English - 0 views

www.aljazeera.com/...20124278531872704.html

shared by Arla Takala on 06 Jun 12 - No Cached
  • unemployment
    • Arla Takala
      Arla Takala on 06 Jun 12
       
      One of the 4 primary macroeconomic objective
  • jobless rate of 24.4 per cent in first quarter,
    • Arla Takala
      Arla Takala on 06 Jun 12
       
      Governments set target for unemployment is about 5% each year
  • "BBB "
    • Arla Takala
      Arla Takala on 06 Jun 12
       
      Bond credit rating--> BBB - has adequate capacity to meet its financial commitments
  • ...5 more annotations...
  • The figures are terrible for everyone and terrible for the government
    • Arla Takala
      Arla Takala on 06 Jun 12
       
      Terrible for everyone: --> no job = no income --> less spending Terrible for government: --> decrease on government revenue --> government has to spend more money on unemployment benefits --> government is receiving less money and spending more money --> budget deficit
  • economy to shrink
    • Arla Takala
      Arla Takala on 06 Jun 12
       
      Negative economic growth can cause recession
  • fiscal
    • Arla Takala
      Arla Takala on 06 Jun 12
       
      Government policy that focuses on taxes and government spending to improve the economy
  • S&P predicts the Spanish economy will shrink by 1.5 per cent this year, having previously forecasted growth of 0.3 per cen
    • Arla Takala
      Arla Takala on 06 Jun 12
       
      Decrease in GDP due to decrease in consumer spending
  • It added that Spain's commercial banks are increasingly leaning to official sources for funds as they struggle to deal with piles of bad loans, especially in real estate.
    • Arla Takala
      Arla Takala on 06 Jun 12
       
      Decrease in government spending
Tomomi Nakamura

Greek G.D.P. Fell 6.2 Percent in 2nd Quarter - NYTimes.com - 0 views

www.nytimes.com/...amatically-in-2nd-quarter.html

shared by Tomomi Nakamura on 28 Sep 12 - No Cached
  • The nation’s gross domestic product slid 6.2 percent in the second quarter from a year earlier
  • unemployment rate in May reaching a record 23.1 percent
  • Antonis Samaras, the conservative prime minister of Greece, is seeking to deliver further austerity measures to free up more of the rescue funds provided by the so-called troika — the International Monetary Fund, European Union and European Central Bank — as part of a 130 billion euro ($160 billion) loan program
  • ...3 more annotations...
  • But many economists were skeptical that the heavily indebted Greek state can cut its way out of crippling recession.
  • in 2013, from 9.3 percent in 2011.
  • Officials in Athens agreed in March to cut the general government deficit to 7.3 percent of G.D.P. this year and to 4.6 percent
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