A short presentation looking at a few different areas of the world economy in February 2014.
Sources: ONS, OECD and Eurostat.
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4. Facebook bought whatâs app for:
Facebook went shopping . . .
GDP of $18.9 billion
What could they have
bought instead?
Mozambique
5. 0
2
4
6
8
10
12
14
Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13
Interest rate (%)
Turkey
Brazil
India
South
Africa
USA
Hot money refers to when funds are moved to one country to another in
order to earn a short-term profit on interest differences and exchange rate
shifts. They potentially lead to instability in a country because the transfers
can happen very quickly â hence the term âhotâ.
With the Fedâs interest rates set at a low 0.25% investors turned to riskier
emerging economies for greater returns.
Now the US economy appears to be stabilising, investors are pulling their
money out of the riskier assets and back to America.
To remain attractive to investors, central banks in emerging economies
have increased their bank rates. You can see Turkey, India, Brazil and
South Africa all saw rate rises in January, and Brazil increased theirs
further in February, while the rest held steady.
Source: OECD
âHotâ Money
6. 0
100
200
300
400
500
600
700
800
900
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Annual GDP, Index
2000=100 Forecasts
China
Russia
Nigeria
Indonesia
India
Brazil
Turkey
South
Africa
Mexico
The MINTs â Mexico, Indonesia, Nigeria and Turkey have
been identified as the new emerging economies to
watch in the next few years. They all have young, largely
literate, growing populations and low government debt
levels, although they also have problems with poverty,
lack of infrastructure and corruption.
Although Russia and China out of the BRICS countries are
still seeing high forecasted growth, the remaining
countries have seen growth tail off in the last couple of
years. Nigeria in particular out of the MINT economies has
high growth forecasted for 2013 and 2014.
Source: OECD
MINTs and BRICS
7. Current price productivity estimates are indexed to UK=100 and show
each countryâs productivity relative to that of the UK in that particular year
Productivity: UK vs. The World
8. 90
92
94
96
98
100
102
104
2008Q1 2009Q1 2010Q1 2011Q1 2012Q1 2013Q1
GDP Growth, Index
2008 Q1 = 100
Germany
Italy
UK
EU28
Eurozone
Spain
France
Source: Eurostat
Quarterly GDP Growth in Europe
9. 6.7% 1.8%
59.1% 8.1%
1. Eurozone + Norway &Switzerland (59.1%)
2. China (8.1%)
3. USA (6.7%)
4. Japan (1.8%) Source: ONS
UK Imports in December 2013
10. 13.5%
2.0%
53.4% 4.1%
1. Eurozone + Norway &Switzerland (53.4%)
2. USA (13.5%)
3. China (4.1%)
4. United Arab Emirates (2.0%) Source: ONS
UK Exports in December 2013
11. 0
200
400
600
800
1000
1200
1400
1600
1800
2007 Q1 2008 Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1
ÂŁ
millions
Value of UK Exports
to UAE
Value of UK Imports
from UAE
The UAE is an
interesting trading
partner because it
is resource rich
and has a high
GDP per capita,
but it also suffers
from inequality
and in some ways
can still be
classified as a
developing
economy.
This is reflected by
the key sectors for
exports from the
UK which focus on
infrastructure
projects such as
construction,
financial and
professional
services, and
education.
Source: ONS
UK Trade with the United Arab Emirates (UAE)
Trade Case Study
Hinweis der Redaktion
Deflation: decrease in the price paid for goods and services. Itâs a problem because it increases the real value of debt
High productivity is a key part of a growing economy, it enables inputs like capital and labour to be used more efficiently and produce a higher level of output.