Global Economic Growth

(2 pages)
Previewing page 1 of actual document.

Could not display document, please try refreshing this page a few times.

Please contact support if you are unable to view this document.

Global Economic Growth

Lecture for 1/14

Lecture number:
Lecture Note
University of Colorado at Boulder
Econ 3535 - Natural Resource Economics

Unformatted text preview:

Lecture 1 Current Lecture Global Economic Growth: real GDP growth (2014) = 2.6% 2015 = 3 (was 3.4%) U.S.: Forecast 2015: 3.2% (was 3%) Reasons: Falling oil prices 1 cent = $1b increase in disposable income Key contributor to global economic growth Eurozone: Two recessions since 2007 2015: 1.1% (was 1.8%) Reasons High government debt Lack of international competitiveness Emerging Markets: 2015: 4.8% (was 5.3%) China: 7.1% (7.5%) India: 6.4% (6.3%) Brazil: 1% (2.7%) Reasons: Debt obligations Weak currencies Russia: 2015: -2.9% (0.5%) Reasons: Falling oil prices Western sanctions (Ukraine) The Resource Paradox: Occurs every ten years in most developing countries (according to the World Bank) Capital= physical Kinds of Capital: ECON 3535 1st Edition

View Full Document

Access the best Study Guides, Lecture Notes and Practice Exams