Discuss global economic outlook and research the Current and long-term for the following countries; United States, Western Europe, Japan, Asia ex-Japan, and Latin America and include views on GDP,...

Economics
Global economic outlook
Economics
Introduction to Global economic outlook
The global economic outlook seems to be doomed for the past decade. The global financial
crisis, economic recession and the international currency crisis resulting in reduced exports
for USA has led to several problems in the global economy. It has reduced the growth rates of
several countries including developed and developing countries. Poverty and illiteracy rates
are growing in underdeveloped countries and thus the global economic outlook is not very
positive (Kalecki, M, 2006).
Analysis of current economic outlook
Countries GDP Inflation Interest rates Currencies
Unite States $15.68 trillion 1.5% 0.25% Dollar
Western Europe $19.92 trillion 4.6% 3.3% Euro
Japan $5.96 trillion 0.7% 3.10% Yen
Asia ex- Japan $18.5 trillion 6% 7% Rupees
Latin America $6.83 trillion 10% 6% Dollar
Data Source: Worldbang.org, 2013
The analysis of the current economic outlook shows that Japan is the only country where
inflation is under control....