All Entries Tagged With: "unemployment rate"

French Leadership Brave the Crisis-La Viva Difference

Isn’t it amazing that France has been largely making headlines recently due to tweets on French President Sarkozy and his wife Carla Bruni rather than financial crisis. When Eurozone is panicking due to PIGS (Portugal, Ireland, Greece and Spain) debts crisis, France seems to have weathered the global economic crisis better than most other big EU economies. Thanks to more resilient consumer and government spending, and lower exposure to the downturn in global demand. However it does not mean that France remained totally immune to the global epidemic of contraction. France's real GDP contracted 2.1% in 2009, while the unemployment rate increased from 7.4% in 2008 to nearly 10%. France has to eat the better pill of bailout as well. The government passed a $35 billion stimulus plan...

The Kangaroo Miracle: Australian Economy in 2010

When everyone else in the world was drowning, Kangaroo managed to swim. Paradoxical, isn’t it? Kangaroos don’t swim. However the Australian economy has pulled nothing short of a surprise in the last two years. The Australian economy has seen a relatively strong performance from October 2008 to October 2009, escaping two consecutive quarters of economic contraction – the definition used by economists to define a recession. In short, Australia has fared well during the global financial crisis. When the global financial markets are topsy turvy in the last three years, Australian markets are hunky dowry. Australia has managed to skid away from the crisis zones largely due to its diversified export market, a population rise from Australia immigration and increased birth rate, and...

Economy of Australia

One of the countries in the world that is most famous for its laissez-faire capitalist economies is Australia. Its per-capita GDP is to some extent higher than the per-capita GDP of the United Kingdom, France and Germany, in provisions of Purchasing Power Parity (PPP). Australia ranked second from the “United Nations 2009 Human Development Index” as well as sixth in “The Economist Worldwide Quality-of-Life Index 2005”. The importance on exporting products rather than production has underpinned an important expansion in the terms of trade of Australia during the increase in commodity prices ever since 2000. The current account of Australia is more than seven percent of Gross Domestic Product (GDP) negative, in which Australia has had constantly huge recent account deficits for more...