Economicchanges

Part 1

Changes ingross domestic product

httpwwwtedcomtalksandrew_mcafee_are_droids_taking_our_jobshtml minute 2

Part 1

Changes ingross domestic product

httpwwwtedcomtalksandrew_mcafee_are_droids_taking_our_jobshtml minute 2

httpwwwtedcomtalksandrew_mcafee_are_droids_taking_our_jobshtml minute 2

httpswwwatkearneycomdocuments101925498252Global+Economic+Outlook+2015-2020--Beyond+the+New+Mediocrepdf5c5c8945-00cc-4a4f-a04f-adef094e90b8

Real annual GDP growth rate

httpswwwatkearneycomdocuments101925498252Global+Economic+Outlook+2015-2020--Beyond+the+New+Mediocrepdf5c5c8945-00cc-4a4f-a04f-adef094e90b8

Asian and South American markets are among the 2020 growth markets

Further inspiration

httpswwwteacherspayteacherscomProductChina-1491238httpswwwteacherspayteacherscomProductPoland-1870224

Part 2

Changes in stock market index

Dow Jones industrial average

httpswwwgooglecomfinanceq=INDEXDJXDJI

Dow Jones industrial average

httpswwwgooglecomfinanceq=INDEXDJXDJI

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HSIIND

httpwwwbloombergcomquoteHSIIND

Part 3

Changes in interest rates

httpmediaswissrecomdocumentssigma_3_12_enpdf

Long-term interest rates

httpmediaswissrecomdocumentssigma_3_12_enpdf

Long-term interest rates

Part 4

Changes in food prices

Food price index

httpwwwthegatesnotescomPersonal2012-Annual-Letter

Food price index

httpwwwthegatesnotescomPersonal2012-Annual-Letter

httpwwwthegatesnotescomPersonal2012-Annual-Letter

The poorer the country the larger percentage of expenditure is spent on food

Part 5

Changes in commodity prices

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httpwwwmckinseycomInsightsEnergy_Resources_MaterialsResource_revolution p 25

In the 20th century average commodity prices declined almost 50

httpwwwmckinseycomInsightsEnergy_Resources_MaterialsResource_revolution p 22

In the first decade of the 21st century commodity prices increased sharply

httpwwwmckinseycomInsightsEnergy_Resources_MaterialsResource_revolution p 30

The oil price is partly determined by actual supply and demand and partly by expectation

Demand for energy is closely related to economic activity It also spikes in the winter in the northern hemisphere and during summers in countries which use air conditioning Supply can be affected by weather (which prevents tankers loading) and by geopolitical upsets

If producers think the price is staying high they invest which after a lag boosts supply Similarly low prices lead to an investment drought OPECrsquos decisions shape expectations if it curbs supply sharply it can send prices spiking Saudi Arabia produces nearly 10m barrels a day - a third of the OPEC total

httpwwweconomistcomblogseconomist-explains201412economist-explains-4

Part 6

Changes in government debt

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Part 7

Changes inwork people do

httpwwwnytimescominteractive20120120businessthe-iphone-economyhtml

The percentage of people working in service sector in the USA is increasing

httpwwwnytimescominteractive20120120businessthe-iphone-economyhtml

The percentage of people working in service sector in the USA is increasing

httpwwwmckinseycommgipublicationsgreat_transformerpdfsMcKinsey_the_great_transformerpdf

Survey shows that for every job that the Internet

destroys 26 new jobs are created

Youth unemployment in Europe is alarming

httpwww3weforumorgdocsWEF_GlobalRisks_Report_2014pdf

Part 8

Changes in wages

SourceshttpenwikipediaorgwikiList_of_minimum_wages_by_countryhttpwwwstrategy-businesscomenewsenewsarticleenews072909pg=allhttpwwwnytimescom20130409businessglobalwary-of-events-in-china-foreign-investors-head-to-cambodiahtml

Country Minimum hourly wages

Uganda USD 012 per hour

China USD 067 per hour

Russia USD 091 per hour

Turkey USD 338 per hour

USA USD 725 per hour

UK USD 998 per hour

France USD 1310 per hour

Australia USD 1645 per hour

Minimum hourly wages ndash selected economies

SourceshttpenwikipediaorgwikiList_of_minimum_wages_by_countryhttpwwwstrategy-businesscomenewsenewsarticleenews072909pg=allhttpwwwnytimescom20130409businessglobalwary-of-events-in-china-foreign-investors-head-to-cambodiahtml

Country Minimum hourly wages

Uganda USD 012 per hour

China USD 067 per hour

Russia USD 091 per hour

Turkey USD 338 per hour

USA USD 725 per hour

UK USD 998 per hour

France USD 1310 per hour

Australia USD 1645 per hour

Minimum hourly wages ndash selected economies

Part 9

Changes in savings

Savings in of household disposable income

httpyoutubeOugorkKkxXM

Country Savings rate

China 50

Japan 25

Europe 20

USA -06

Savings in of household disposable income

httpyoutubeOugorkKkxXM

Country Savings rate

China 50

Japan 25

Europe 20

USA -06

As countries grow wealthier their household saving rates decline

SourceDevelopment from 1960 to 2008httpwwwmckinseyquarterlycomfilesarticlePDFEMC_decathlonpdf p 160

Part 10

Changes in inflation

httpwwweconomistcomnode18070386C

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