Contents contributed and discussions participated by Alessya Kaiser
South African Jobless Rate Falls to 24.9% in Second Quarter - Businessweek - 0 views
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The unemployment rate in South Africa falls from 25.2 % to 24.9 % in the second quarter of 2012. This is because the mine companies, the construction companies and the government are starting to hire people again because they have lowered their wages and therefore made it possible for them to increase their labor force and by that decreased the amount of people who are unemployed.
BBC News - Swiss economy grows despite strong franc - 1 views
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This article explains how the Swiss economy continued to grow despite the predictions that it would shrink or go into a recession. Economists thought this, because the franc became a strong currency, making Switzerland's imports cheaper but making it very expensive for other countries to buy goods from Switzerland, meaning fewer exports for Switzerland. Since we know that GDP can be calculated by adding the incomes produced by C (Consumers) + I (Investments) + G (Government) + X (Exports - Imports), we will see that Switzerland's GDP would decrease because less exports or more exports would make 'X' a negative value lowering the nations GDP. However, Switzerland's GDP went different as expected. Even though exports were now more costly for other countries, Switzerland exports grew by 2.8 % in the last quarter of the year, in precious metals, jewels or arts. Adding on to that, the gross fixed investments also grew by 2.5 % in investments in construction and equipment as the strong currency proved a "safe-haven" for investor. The rise in exports and investments lead to an unexpected and unpredicted expansion of the Swiss economy instead of a recession.
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