8% in the fourth quarter of 2008.... [a]sharp slowdown in finance and insurance, a further contraction in construction, and a deceleration in durable-goods manufacturing were the leading contributors to the economic slowdown" (Overview of the U.S. Economy: Perspective from the BEA Accounts, 2009, BEA). Still, Europe is experiencing its worst economic downturn since the Second World War. Its more precipitous decline contradicts initial economic expectations that the European Union might be buffered from the crisis.
European home prices remained more durable than in the United States and European consumers have cut back less on their spending. The problem is that the European export industry has been suffering. While the more developed nations of Europe have taken more aggressive measures to inject capital into their economies and pursued more aggressive stimulus plans than the United States, poorer economies cannot afford to do so and still adhere to the policies of the European Union regarding the euro.
Germany, France and the Scandinavian countries are mounting billion-dollar stimulus plans and erecting fences to protect their banks" but the "peripheral economies" such as Italy "find themselves caught in an awful policy bind: credit is available, but...
Energy costs increased substantially and the yen's exchange rate was shifted to a floating rate. The eventual recession reduced expectations of future growth and reduced private investment. Economic growth went down from 10% to 3.6% during the period 1974-79 and to 4.4% in the decade of the 80s. But despite the oil crisis and its consequences, Japan's major export industries stayed competitive through its cost-cutting policy and increasing efficiency.
Italy and USA Analysis COUNTRY A: Italy Introduce country PEST-C Political Environment Legal Environment Economic Environment Business Environment and Activities Analysis of Exports and Imports Balance of Payments and Exchange Rates Social Environment and Demographics Technological Environment Cultural Environment Hofstede's Country Characteristics Power Distance Index Individualism/Collectivism Masculine/Feminine Uncertainty Avoidance Index Long-Term Orientation Realistic Idea Rationale and Support COUNTRY B: United States Introduce Country PEST-C Political Environment Legal Environment Economic environment Business environment and activities Analysis of exports and imports Balance of payments and exchange rates Social environment and demographics Technological Environment Cultural Environment Hofstede's Country Characteristics Power Distance Index Individualism/Collectivism score91 13 Masculine/Feminine 13 Uncertainty Avoidance Index
Economics - Country Analysis Country Overview and Current Events (News) Ethiopia, traditionally known as Abyssinia, is a landlocked Sub-Saharan country located at the Horn of Africa in East Africa, bordering Somalia, Kenya, Eritrea, Djibouti, Sudan, and the newly-created South Sudan. It covers approximately 1,126,829km2 of land; about the size of the state of Texas, and was, until the split of Sudan, the second-largest country in Africa. Being landlocked, Ethiopia largely relies on
Italy v. Argentina Italy's population (July 2011 estimate) is 61 million and the country has a growth rate of 0.42%. The country has a higher death rate than growth rate, but the impact of this is mitigated somewhat by migration. If the current population and growth rate is extrapolated out to 2050, Italy would have 71.85 million people by 2050. Argentina currently has 41.77 million people. The current population growth rate
Growth Within a Country The issue of development and growth within a country or across countries is such that attracts that attention across board. There are screaming headlines of different economic measures taken by economists and financial analysts of countries concerned. Tracking and recording growth in any country or comparing growth amongst country necessitates using diverse measures. Many measures in the name of models have been propounded of which some
Disrupting America's economic system is a fundamental objective of terrorists Even as the world continues to struggle with the terrible shock from the September 11 attacks in New York and Washington, one principle lesson has already become clear: disrupting our economic system is a fundamental objective of terrorists. Prior to September 11, our economic environment was certainly not immune to terror, in comparison to many other nations; we lived relatively terror-free. Now,
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