A Study of the Macroeconomic Indicators

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Macroeconomic indicators The period from 2008 through today has been a highly difficult one, with countries struggling to support their national economies, to reduce costs and guarantee the living standards of their populations. At a general level, the recent years have manifested an economic crisis of a gravity unwitnessed since the Great Depression of 1929-1933. At a more particular level however, a deeper analysis would be conducted through the analysis of four economic indicators in four important global economies. The four economic indicators are the gross domestic product (GDP), the consumer price index (CPI), the unemployment rate and the interest rate, and the countries are the United States of America, the United Kingdom, Canada and Japan. 1. Output and growth For all of the four countries, the evolution of the gross domestic product throughout the past recent period is similar. Having followed a relatively stable growth trend, all states were dramatically impacted by the economic crisis in 2008. In the case of all United States, United Kingdom, Japan and Canada, the effects of the internationalized economic crisis came to be felt in 2008. At the end of 2007, the crisis had already commenced, but it was too soon for the countries to actually feel any real effects. Starting with 2008 however, all states registered decreases in their national outputs, which culminated in the first half of 2009. After that point, the national economies began to revive up until
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