2014 World Manufacturing Conditions

Alcoa published this graph picturing estimated yearly growth in demand in several sectors. These sectors are all heavy aluminium users which is the branch Alcoa operates in. As you can see Aerospace and commercial building and construction are expected to see the highest growth. Most growth comes from China, as can be expected. In North America most of the sectors are also expected to increase.

Business Insider

World Economic Heat Map Q1 2014

This chart shows a forecast in the outlook for several developed and developing countries. It shows on the x-axis the current PMI-index, this is the sentiment under purchasing managers at manufacturing companies. Currently Ireland, Czech Republic, United States and the United Kingdom are at very high levels (where higher than 50 means growth). France, Ireland and Spain saw there PMI growth the most in recent months.

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Declining Italian Growth and Governments

Reuters constructed this graph showing economic growth in Italy during the last five decades. Notice the constant declining in the trend growth. Also the beginning of each new government is depicted by the vertical lines.

OECD Yearly 2012 GDP Growth

More and more countries have been reporting their fourth quarter GDP growth for 2012 lately, and hence the yearly 2012 GDP growth rate. For the countries that have reported their figures China had the highest yearly growth rate of 7.8 percent. Indonesia and Norway are following China with 6.2 and 3.0 percent respectively. Yet, most countries had a growth rate of less than 2 percent, with most all European countries on the lower end. Portugal and Italy saw their economy's decline the most, in Portugal even with 3.2 percent.

World 2013 GDP Forecast: Fastest Growers and Contracters

The Economist constructed this overview of those countries in the world that are forecasted to have the highest GDP growth rate as well as those that have the most negative rate. As you can see the developing countries are forecasted to grow the most. From economic theory this can be explained by the fact that these countries still have a lot growth potential, because their economies are still small. Another reason why countries may see high growth is because they are located near China, as China is growing fast the country invests a lot in neighboring countries. Mongolia and Macau (a small country similar to Hong Kong also inside China) are examples. Another reason why a country may grow fast is that it is recovering from a disaster like a natural disaster or a war, of which Libya is an example. 

On the other hand developed countries are growing a lot less and consequently all the forecasted fastest contracting countries are developed countries. Notice that all the fastest contracting countries, besides Syria and Iran, are located in Europe. 

Due to a request by the Economist this graph has been removed. 

View the graph here

Fiscal Cliff: $607 Billion Automatic Budget Deficit Reduction

Reuters shows in this graph the reduction in the budget deficit that will take place automatically when Democrats and Republicans in Washington don't reach an agreement before the end of the year about how to avoid the fiscal cliff. The biggest part of the reduction comes from the Bush-era tax cuts that expire: 221 billion dollar. Payroll tax relief expiring (95 billion) is also a big tax increase. One of the budget cuts is that Emergency Unemployment benefits will expire.

Will Washington let this happen?

Reuters

Share of World GDP Per Continent (1990-2010)

In the twenty years before 2010 China gained a lot of GDP. Since its GDP growth was a lot higher than in Europe and the United States it also gained in its share of World GDP. That is China's economy got bigger compared to Europe, United States and Japan. This is shown in the graph.

Conservable Economist

Some Convergence Actually Took Place In The Euro Zone

This graph, from a presentation of the ceo of the Dutch Central Bank, shows that some convergence actually  took place since the implementation of the Euro. The graph shows the difference in the growth of the listed countries with the growth of Germany. Especially Ireland, Greece and Spain grew a lot faster than Germany. In 2007 that difference was even 40 percent for Ireland, cumulatively. Portugal and Italy were not able to generate more growth than Germany.

DNB

One of the causes for this convergence may be that Ireland, Spain and Greece saw their real interest rate decline significantly. This graph shows that the extra growth was actually partly financed with borrowed money:

DNB

Also this was accompanied by inflation:

DNB

IMF Euro Zone GDP Forecasts (WEO Fall 2012)

This graph shows the latest IMF forecasts for the GDP growth rates for a number of selected countries. For most countries the next few years won't be easy, but will see GDP growth rates get out of negative territory gradually. Greece is even expected to grow by more than three percent from 2016.

Bondvigilants

Historical Financial Crises: Percentage Job Losses From Peak

In this graph the percentage job losses from the peaks are shows for several countries during selected financial crises. Finland (1991: year of start of the contraction) saw the biggest decline in employment; almost 20 percent. Compared to Finland (and most other selected countries) the United States job market is currently not doing that bad. For Sweden of the selected countries it took the longest, during its crisis starting in 1991, for the job market the recover to pre-crisis levels, 17,8 years. 

Luxetveritas

Scandinavia Versus The Euro Zone

The economies Sweden and Norway in Scandinavia grow faster and both have a lower unemployment rate than the average of the Euro Zone. Fiscal positions are also considrably better in Norway and Sweden. The manufacturing indicator is slowing down for these countries lately as well though.

Thompson Reuters

Dutch Economy in 8 Graphs

With the Dutch elections today this chart may come in handy. The Dutch economy is doing 'better' for most of the indicators than the Euro zone average. Late tonight (local time) the first estimation of the results are expected. A close result between the right party (VVD) and the left party (PVDA) is very likely. A colation needs to be formed to make the new government.

Reuters

World Map Of Euro Crisis Impact

This graph from research by the IMF shows the global impact of a Euro Area Bank Credit Crunch, which would be likely in case of a further deterioration of the Euro Crisis. As you can see, outside the Euro Area, countries in Latin America, Iceland, in the north of Africa and some countries in the Middle East will probably see a lot of negative effects.

Business  Insider

China Export Growth Versus Economic Growth

With export growth structurally slowing down in China economic growth is expected the grow less as well. Export growth is now 1 percent, very close to a decline. This has helped bring the economic growth far under the average of 10 percent (since 2000).

Thomson Reuters

Big Euro Zone Countries GDP Since 2007

The previous post showed the quarterly growth for selected countries. Here I will show a bigger picture for some Euro Zone countries: the growth or decline of the economy since 2007. As you might have expected the German economy has grown the most since 2007, although it also saw one of the biggest declines during the credit crisis. Italy saw the lowest growth of the big four in the Euro Zone, while France fared slightly better than the Euro Zone average and Spain is doing slightly worse since the credit crisis.

Reuters

Developed Countries GDP Growth (2nd Quarter 2012)

This chart show the quarterly economic growth (second quarter versus the first quarter of 2012) for the countries in the Euro Zone, compared with the United States and Japan. What is interesting is that most Euro Zone countries saw their economic growth far below the U.S. and Japan, especially Portugal and Italy. Not being in the Euro Zone is not a guarantuee for economic growth though, as you can see with the -0.7 percent contraction in the United Kingdom.

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Economist Poll of Forecasters (July 2012) for 2012, 2013

This graph shows the average forecast for economic data (2012 & 2013) of the main economies in the world. Except for Australia and Japan all the average real GDP growth figures in July have been lowered since June. Italy, the Netherlands, Spain and the Euro Area are expected to have a minus growth for 2012. For 2013 only Italy and Spain are expected to see it's economy contract. Italy's inflation rate is expected to stay relatively high though, while Japan and Switzerland keep having low inflation rates. Spain is expected to see it's current account deficit shrink more and more.

Due to a request by the Economist this graph has been removed. 

View the graph here

Projected Economic Growth in OECD Countries (2012 & 2013)

ABN-AMRO made this graph with its projections for the economic growth of the countries in the world for 2012 and 2013. If a country is to the right of the vertical line it is projected to grow faster than the projected growth of the world GDP, for the horizontal line this is the same for 2013. Countries in the right corner are doing extremely well.

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Manufacturing Activity Down Around the World

This chart from The Economist compares manufacturing activity around the world for last june compared to the last two years. Most countries saw a shard decline this year, compared to last year, although less in the Emerging Markets.

Due to a request by the Economist this graph has been removed. 

View the graph here

UK: Current Recovery Worse than Depression

In this chart from the Guardian you can see that this recession lasted longer than any recession since the great depression, even longer than the great depression itself.

The Guardian