Economic Crisis In Spain

According to Staff review of the Economic Situation for January 28-29, the economic growth rate picked up in the second half of 2013. There was a gradual increase in the total payroll employment and a decline in unemployment rate. Consumer price inflation was still performing poorly than expected, while longer-term inflation expectations remained stable.

A high GDP or a percentage increase is considered good and represents a positive, growing economy whereas a lower GDP (in comparison to other countries) or a percentage decrease represents just the opposite. In the article, it takes a closer look at the year so far and breaks it into quarters. The GDP has increased from 1.2% in January to 3% in August. The change and jump represents economic growth occurring.

In 2015, the gross domestic product was seventeen point four trillion dollars. The unemployment rate fell to all time low of five percent. The inflation rate for 2015 is negative zero point two percent. Hopefully we can maintain these numbers in the

The National Debt as percentage of GDP sits at 101.53 percent as of Q3 2014 and has a trend to increase or remain as is at its current state (Federal Government Debt); see Figure 2 below for total debt as a percentage of GDP.

Euler Hermes also reported that GDP growth, income and consumption remain positive but “are growing at below-trend rates” (par. 1) and the housing market remains stagnant. The group further projects that GDP growth is expected to remain positive but weak with growth of about 2% in 2012 and 2013. In the third quarter 2012, real GDP increased at an annual rate of 2.0% (from second to third quarter) with a real GDP increase of 1.3% in the first quarter (Focus on Economic Data, 2012). Fiscal policy remains in turmoil with issues such as those relating to payroll and Bush tax cuts and the likelihood of lifting the debt ceiling again (Economic Outlook, 2012).

The country has adopted several policies; they are conserving energy, the encouragement of better transportation, and the encouragement of recycling. The next thing that is important about Germany is its population. Germany is considered the second most populous nation according to the CIA World Factbook. They are second to Russia, which has the most populous nation in the world. With a population over eighty million people, it is no wonder that it is one of the most populous countries. According to the World Factbook, the median age of the people in Germany is around forty-six years of age, and having a birth rate of 8.47 births per 1,000 people, and a death rate of 11.42 per 1,000 people. Germany receives a lot of immigrants from surrounding countries. According to the textbook, “…a mass exodus of young people from Spain and Greece is presently taking place because the dismal economic situation in their home countries, with England and Germany reportedly the beneficiaries of this internal European migration” (p.366). The Schengen Agreement was put into place, because of the migration of many people to European countries. If a country is a part of the Schengen members, for instance Germany, any immigrant that enters one of their countries is able to move freely around Europe to any country a part of the Schengen Agreement. Now this agreement brings a lot of concerns to the people of these countries.

The national debt occurs in an indecisive period. It is expressed as gross domestic product (GDP), because the debate on the size of government and the effects of its debt are often focused on how the economy of a country is consumed by government. This measure also takes into account the population growth, some of the effects of inflation, and the relative capacity of government to service its debt. This kind of debt can show a lot about the state of the economy. The national debt relative to GDP is much lower today than it was during the Second World War about the US economy. Therefore, it is average in developed countries.

These policies, coupled with a period of global economic prosperity in the early 2000s, helped make Germany the economic powerhouse of Europe. Today, with Chancellor Angela Merkel (first elected in 2005) Germany remains the economic backbone of the European Union and is a major player internationally as a G7 country and a regular rotating member of the UN Security

After the end of the First World War, Germany was perhaps the most financially afflicted. Having been deemed the aggressors in World War One, the Germans were forced, by the Treaty of Versailles, into a situation which left the country even further ravaged that its contemporaries. Often it is argued that one of the only decent things that could be attributed to Hitler was his fixing of the German economy, making it into one of the world’s most powerful prewar economies. The rebuilding of the economy, in blatant disregard to the Treaty of Versailles is what led to Germany’s rising power. The focus on rebuilding the army even after they had sanctions placed upon them not is what is often attributed as saving the German economy. Nazi economic

U.S. total national debt rose from 66% GDP in 2008 pre-crisis to over 103% by the end of 2012.

In 2014, the most recent complete fiscal year, the Gross Domestic Product (GDP) of the United States was $17.42 trillion (The World Bank, 2015). This is an increase of 3.9% over the 2013 GDP of $16.7 trillion and a drastic 17.2% increase over the GDP just 5 years ago in 2010 (Trading Economics, 2015). The US GDP represented 28.1% of the total world economy during that time (Trading Economics, 2015). Along with the improved GDP, the US has also experienced a reduction in the unemployment rate. The unemployment rate at the beginning of 2010 was 9.8% and it fell to 5.6% by the end of 2014 (United States Department of Labor, 2015).

Subsequently, this union has led to Germany having the strongest economy in the EU and the fourth worldwide. Their economic status has flourished in large part to their focus on exporting, thus, keeping them competitive in the global market. In addition, their strong economy has resulted in a high employment rate. While the employment rate continues to maintain a strong

Poland’s GDP growth did not stop during the recession and has been above the EU average since 2002. In 2013, Poland’s GDP growth rate was 1.45% while the EU average was -.43%.

For the second consecutive year Spain will grow more than the 3% and create 500,000 employment, with the inflation in very low levels and an appreciable external surveillance, something unusual in our recent history.

Meanwhile, the GDP growth rate increased steadily from 6.7 percent in 2004 to 7.18 percent in 2013, peaking in 2010 at 7.63 percent. The unemployment rate plummeted to 7.3 percent. Several industries critical to economic development was privatized, such as electricity, telecommunications, banking, domestic shipping, and oil. The taxation system was reformed; and external debt was brought to more manageable levels by debt restructuring and sensible fiscal management. (3)