1. YOUR GLOBAL ECONOMIC MESS IS NOW BEING SERVED.
- Author
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FOROOHAR, RANA
- Subjects
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INTERNATIONAL competition , *GLOBAL Financial Crisis, 2008-2009 , *PUBLIC debts , *GROSS domestic product charts & diagrams , *HISTORY ,ECONOMIC history, 1990- ,ECONOMIC conditions in Europe, 1945- ,UNITED States economy, 2009-2017 ,GERMAN economy, 1990- - Abstract
The article discusses the global economic conditions as of June 2012, focusing on the debt crisis in Europe, the impact of the Global Financial Crisis of the early 21st century on countries such as the U.S., and it also provides several graphs on gross domestic product (GDP) growth and the global economy. The U.S. economic conditions in 2012 are examined, including a reported increase in consumer spending and a decrease in consumer debt. The slow economic growth rate in Europe is also mentioned, along with Germany's role as the region's strongest economy in 2012.
- Published
- 2012