Economic changes

Economic changes

Part # 1 Gross domestic product (GDP)

World GDP growth in percent

https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2016&start=1961&view=chart

GDP growth in countries around the world in 2022

http://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLD

Asian and South American markets are among the 2020 growth markets

https://www.atkearney.com/documents/10192/5498252/Global+Economic+Outlook+2015-2020--Beyond+the+New+Mediocre.pdf/5c5c8945-00cc-4a4f-a04f-adef094e90b8

Part # 2 Stock market index

Dow Jones Industrial Average

https://finance.yahoo.com/

https://www.investopedia.com/terms/d/djia.asp

NASDAQ Composite

https://finance.yahoo.com/

Ibovespa

https://www.bloomberg.com/quote/IBOV:IND

FTSE 100

https://finance.yahoo.com/

Nikkei 225

https://finance.yahoo.com/

S&P 500

https://finance.yahoo.com/

Part # 3 Interest rates

http://www.global-rates.com/interest-rates/central-banks/central-banks.aspx

Current interest rates are the interest rates at which banks can borrow money from the central bank.

Part # 4 Food prices

http://www.fao.org/worldfoodsituation/foodpricesindex/en/

The poorer the country, the larger percentage of expenditure is spent on food

http://www.thegatesnotes.com/Personal/2012-Annual-Letter

Hourly wage in manufacturing vs. food prices

https://ourworldindata.org/food-prices

Share of consumer expenditure spent on food

https://ourworldindata.org/food-prices

Food prices as share of family disposable income in the USA

https://ourworldindata.org/food-prices

Wheat prices in 1996 pounds since the 13th century

https://ourworldindata.org/food-prices

Part # 5 Oil price

Oil price

http://markets.businessinsider.com/commodities/oil-price

The oil price is partly determined by actual supply and demand, and partly by expectation.

Demand for energy is closely related to economic activity. It also spikes in the

winter in the northern hemisphere, and during summers in countries which use air conditioning. Supply can be affected by weather (which prevents tankers loading) and by geopolitical upsets.

If producers think the price is staying high, they invest, which after a lag boosts supply. Similarly, low prices lead to an investment drought. OPEC’s decisions shape expectations: if it curbs supply sharply, it can send prices spiking. Saudi Arabia produces nearly 10m barrels a day - a third of the OPEC total.

http://www.economist.com/blogs/economist-explains/2014/12/economist-explains-4

Part # 6 Work people do

The percentage of people working in service sector in the USA is increasing

http://www.nytimes.com/interactive/2012/01/20/business/the-iphone-economy.html

Survey shows that for every job that the Internet destroys, 2.6 new jobs are created.

http://www.mckinsey.com/mgi/publications/great_transformer/pdfs/McKinsey_the_great_transformer.pdf

Youth unemployment in Europe is alarming.

http://www3.weforum.org/docs/WEF_GlobalRisks_Report_2014.pdf

Part # 7 Wages

Minimum hourly wages – selected economies Country Uganda

Minimum hourly wages USD 0.12 per hour

China Russia Turkey

USD 0.67 per hour USD 0.91 per hour USD 3.38 per hour

USA UK France

USD 7.25 per hour USD 9.98 per hour USD 13.10 per hour

Australia

USD 16.45 per hour

Sources http://en.wikipedia.org/wiki/List_of_minimum_wages_by_country http://www.strategy-business.com/enews/enewsarticle/enews072909?pg=all http://www.nytimes.com/2013/04/09/business/global/wary-of-events-in-china-foreign-investors-head-to-cambodia.html

Part # 8 Savings

Savings in % of household disposable income Country China Japan Europe USA

http://youtu.be/OugorkKkxXM

Savings rate 50% 25% 20% -0.6%

As countries grow wealthier, their household saving rates decline

Source Development from 1960 to 2008. http://www.mckinseyquarterly.com/files/article/PDF/EMC_decathlon.pdf p. 160.

Part # 9 Inflation

Core consumer prices, % increase on a year earlier http://www.economist.com/node/18070386