Business Enterprise

RECAP OF FORECAST OF MACROECONOMIC CONDITIONS FOR NEAR TERM IN U.S., JAPAN AND EUROPEAN UNION In the U.S., low interest rates, rising consumer retail spending, household consumption and rising industrial production in both the auto and high-tech sectors are driving the economy forward. Real GDP growth reached two and one-third percent growth in the first ...

(Continued from Page 1) Consumer spending increased steadily, assisting the U.S. economy in leading the sustained recovery since 2002, even amidst corporate scandal. Yet, record levels of national debt exceeding over $2.3 trillion (~20% real GDP) has been accumulated as a result and a trade deficit in excess of 4% of real GDP requires over ...

OBJECTIVE There are many interesting and complex components that make up the economies of the United States, the European Union, and Japan, as there would be in any developed economic system. The building blocks that form the foundation of our understanding of these economies is to look at each regions in the broader context of ...

JAPAN While there has not been a serious economic crisis in the Japanese economy recently, there has not been any move toward sustainable growth either. Deflation has continued to punish the economy and in July 2002, companies filed for bankruptcy at a rate of 58 per day. This not only caused spikes in the unemployment ...

EUROPEAN UNION For the year 2002, the Euro area experienced significantly weaker economic growth than anticipated. Consumer confidence continued to be negatively affected by geopolitical tensions, in particular the conflicts in Afghanistan and Iraq, depressed equity prices and higher oil prices. A lackluster domestic demand was also attributed to poor profitability by firms as well ...