Remake of State of the Economy PBL by Corey DeRop https://padlet.com/deropc/phase21 Phase 2 Business Cycle en-us 2017-05-09 11:01:29 UTC 2024-05-30 15:21:47 UTC hello@padlet.com United States deropc https://padlet.com/deropc/phase21/wish/170721630 The United State is currently in the early growth phase of the business cycle.  This is most obviously seen in the slow, but positive GDP growth rate of .7%.  Inflationary pressures are beginning to develop as our rate of inflation climbs to 2.4%.  Unemployment has slipped down to 4.4%, putting our economy in a state of full employment.  Wages are also beginning to increase.  As wage growth is the last indicator to move as an economy exits its recessionary phase, I'm confident in stating the U.S. economy is exiting recovery, and entering a period of growth.]]> 2017-05-09 11:01:29 UTC https://padlet.com/deropc/phase21/wish/170721630 France spitzrylee https://padlet.com/deropc/phase21/wish/170733780 France is currently recovering. France is set at a low GDP but is steadily increasing.  The GDP is currently at .3% and trending up over the last 5 years. CPI (inflation) is currently low at 1.2% and subtly rising over time. The unemployment rate is very high at 10%, but France has been making adjustments in which has turned the inflation trend downward over time. The personal savings rate is currently high in France at 14.47% and has been very flat and steady over the past 5 years, this is looking good for France. Frances economy seems to be making all of the right turns for recovery and future growth. ]]> 2017-05-09 12:07:49 UTC https://padlet.com/deropc/phase21/wish/170733780 Canada truhettcole https://padlet.com/deropc/phase21/wish/170733786 Canada is currently in the early recovery phase of the business cycle. The GDP growth rate is currently at 0.6% and trending slightly upward within the past year, but is has been trending slightly downward for the past 5 years which can be seen as a positive sign for economic growth. Inflation is slowly increasing at a current 1.6% which is a positive sign for economic growth with a target CPI of 2%. Canada's unemployment rates skyrocketed about a year ago to 6.5% with a slight downward trend for this year which shows that the economy is beginning to repair itself. The consumer confidence is at 53.22 units and trending slightly upward for the year. With the data gathered, I can assume that Canada is currently in a state of early recovery. ]]> 2017-05-09 12:07:51 UTC https://padlet.com/deropc/phase21/wish/170733786 United Kingdom mccrackenperi https://padlet.com/deropc/phase21/wish/170733810 The United Kingdom currently has a GDP rate of about 2.1%, based on the trend rate it is increasing. The target rate for GDP rate is 3-4% so the increase of GDP over time is a good thing. Inflation (CPI) in the United Kingdom is about 2.3%, which is right on the target of 2%. The unemployment rate is a little high in the United Kingdom . The rate right now is about 4.7% which is higher than the target of 4%. Although, the trend line for unemployment rate is decreasing so that's a good thing to look forward to. Wages are also starting to increase, but are overall way lower than the US. With the data gathered, I can assume that the United Kingdom is in recovery and trying everything they can to grow.  ]]> 2017-05-09 12:07:53 UTC https://padlet.com/deropc/phase21/wish/170733810 New Zealand millerheather https://padlet.com/deropc/phase21/wish/170733830 Right now, New Zealand is most likely going out of a trough and is entering a period of recovery. Currently, New Zealand has a quite low annual GDP growth rate. The annual rate of the GDP is only at 0.4 percent at the moment and the trend is flat, so it can be expected that the GDP rate will not be changing anytime soon. In the past couple years, the interest rate trend has been flat, but in the past year, the interest rate has been decreasing, which shows that the economy is leaving a trough and beginning to enter the recovery stage. The current interest rate is 1.75%. Employment right now is at 4.9%, but it has been steadily decreasing in the past years, which is another indicator that the economy is increasing. Wages are increasing from the current rate (29.80 NZD) and has been increasing in the past years. By looking at this statistics, I can say that New Zealand's economy is doing pretty well and is now entering a period of growth due to its decreasing unemployment and the decreasing interest rates. ]]> 2017-05-09 12:08:00 UTC https://padlet.com/deropc/phase21/wish/170733830 Germany clarkgrace1 https://padlet.com/deropc/phase21/wish/170733891 Germany has a slightly low GDP growth rate. They have a .4% annual growth rate. Germany's GDP per capita is $45,260 and they currently have a 2% inflation rate. Inflation has gone up 1.5% over the past year. Unemployment has been low, and is currently at 3.9%. Unemployment has gone down .5% over the past year. Unfortunately, wage growth has decreased 1.6% over the past year. Germany's people are saving a lot of their money, with 9.9% going into personal savings account. Despite being taxed at a whopping 47.5%, the people of Germany still seem to be thriving. ]]> 2017-05-09 12:08:18 UTC https://padlet.com/deropc/phase21/wish/170733891 Japan kleinfeldjennifer https://padlet.com/deropc/phase21/wish/170734010 Japans country is currently expanding. Japan is steadily increasing in GDP with a current GDP rate at 1.6% and that is low. Japans GDP Per Capita is $47,150 and that is up. Japan does not seem to be at a peak but since the inflation rate shows a decreasing trend and is as low as  .2%, the personal saving are slowing increasing. Unemployment has stooped down to 2.8% and that means the unemployment rate is high.  The current interest rate is -.1% and that is very low. The savings rate is at 3.8% and that shows people are spending money. By looking at the statistics I can tell that japan is in a recovery and doing everything they can to make their country grow. ]]> 2017-05-09 12:08:52 UTC https://padlet.com/deropc/phase21/wish/170734010 France hermanbreanna https://padlet.com/deropc/phase21/wish/170734079 France is in a early recovery stage. Their Annual GDP Growth Rate is at 0.3% compared to the United States which is 0.7%. They have an unemployment rate of 10% which is still to high to be at a peak. Their personal savings is 14.47% which should be around 10%. And they are also in the negatives of Personal spending with -0.4%. Their CPI is 1.2% and fairly close to the goal of 2%. France's personal income tax rate is 50.2% and their sales tax rate is 20%. ]]> 2017-05-09 12:09:10 UTC https://padlet.com/deropc/phase21/wish/170734079 Turkey https://padlet.com/deropc/phase21/wish/170734214 Tanner: Turkey was at a slow decrease but at a steady increase in the business cycle. Currently, Turkey has a GDP rate of 3.8% but that is the past year. For a 5 year trend, its' GDP rate is at a slight decrease. The unemployment rate for turkey is 13% and is continuing to increase over the years. ]]> 2017-05-09 12:09:47 UTC https://padlet.com/deropc/phase21/wish/170734214 Mexico https://padlet.com/deropc/phase21/wish/170734231 Julia Armbruster: Mexico is currently on the early to middle stages of a recovery in the business cycle. Currently, Mexico does have a very low GDP rate of 0.6% but the trend is rising. Also the unemployment rate is 3.19% but the trend is decreasing while workers get more and more jobs. Inflation does seem to rise in the one year trend but in the five year trend, inflation is decreasing. The economy decelerated in 2016, still restrained by structural obstacles remaining from the past. GDP advanced at an annual rate of 2.4% in the fourth quarter, after 2.1% in the previous period.Also with a decrease in the unemployment rate, wage growth has increased substantially resulting in Mexico's economy as being in the recovery stages of the business cycle. ]]> 2017-05-09 12:09:50 UTC https://padlet.com/deropc/phase21/wish/170734231 Australia https://padlet.com/deropc/phase21/wish/170734477 Australia is currently sitting at a 1.1% and it is on the rise ]]> 2017-05-09 12:10:57 UTC https://padlet.com/deropc/phase21/wish/170734477 Colombia tuggleamber https://padlet.com/deropc/phase21/wish/170734479 Colombia's Annual growth rate is below the target range of 3-4% and is currently sitting at 1% and over the past 5 years has been trending downward. CPI (Inflation) target of 2% and is currently 4.6% and slowly increasing. Unemployment is considered high- 9.7% and has been fluctuating between increasing and decreasing over time ( target goal 4%). Consumer Confidence rate: 21% and currently trending downward (target of 10%). I say they are tanking hard as a whole country. ]]> 2017-05-09 12:10:58 UTC https://padlet.com/deropc/phase21/wish/170734479 Spain https://padlet.com/deropc/phase21/wish/170734723 Joseph Sanchez: Spain is currently sitting at a fairly low GDP but is steadily increasing by .8%. Spain is currently at a $30,465 GDP Per Capita. The inflation percentage is slightly above the target of 2% at 2.6% inflation. Spain's unemployment rate is way up at 18.6% but it is slowly decreasing. Because the wage growth is going up, so is consumer spending. At the same time consumer saving is staying at a pretty even level.]]> 2017-05-09 12:12:04 UTC https://padlet.com/deropc/phase21/wish/170734723 Jordan Caudill: Venezuela https://padlet.com/deropc/phase21/wish/170734795 Venezuela is currently going through a recession in the business cycle. The GDP rate is at 6.8 percent and currently still increasing.The unemployment rate is currently through the roof at 7.3 percent and rising. Inflation rate is at 741 percent and rising. Venezuela's interest rate has been rising over the past few years and wont stop rising for the next couple of years ahead. The economy is in a recession and wont be coming out until very big changes are made.]]> 2017-05-09 12:12:21 UTC https://padlet.com/deropc/phase21/wish/170734795 Germany https://padlet.com/deropc/phase21/wish/170734960 James Spaulding: Germany currently has a GDP of 1.2%, which is below the target GDP. Inflation is right where it should be at 2%. Unemployment is right under the target, at 3.9%. As of now, Germany is in an economic recovery. ]]> 2017-05-09 12:13:10 UTC https://padlet.com/deropc/phase21/wish/170734960 Fiji hahnsommer https://padlet.com/deropc/phase21/wish/170734963 Fiji is currently recovering with a 7.9% unemployment rate which has been decreasing over the past 5 years. With a GDP growth rate of 2% aiming for 3-4%. Inflation is at 4.1% and decreasing with a target of 2%. ]]> 2017-05-09 12:13:10 UTC https://padlet.com/deropc/phase21/wish/170734963 Brazil millshayden https://padlet.com/deropc/phase21/wish/170735499 Brazil is currently going through a deep recession. The country's growth rate has decelerated steadily since the beginning of the decade and has dropped from an average growth of 4.5 to 2.1%.  unemployment is rising at 13.7% and is continuing to climb. they have a high personal income tax thats staying steady at a hefty 27.5%.]]> 2017-05-09 12:15:13 UTC https://padlet.com/deropc/phase21/wish/170735499 Bolivia https://padlet.com/deropc/phase21/wish/170735784 Bolivia is currently is coming out of a period of recession. The recession was not bad as Bolivia has recovered quickly. The growth rate of GDP has risen to 5.95% compared to -7.35% last year. GDP per Capita is also increasing quite rapidly. Unemployment has held steady at about 7.4 percent. There is no data for a wage increase ]]> 2017-05-09 12:16:32 UTC https://padlet.com/deropc/phase21/wish/170735784 India https://padlet.com/deropc/phase21/wish/170736546 Kayler Radaz: India is currently at the beginning stages of recovery. This is shown by its low GDP rate at 1.6%.  Interest rates are still decreasing from 6.25% to continue to stimulate the economy. Although it is usually a bad sign for an increase in personal savings, the personal spending is also increasing. This shows that the wages are growing. ]]> 2017-05-09 12:19:49 UTC https://padlet.com/deropc/phase21/wish/170736546 Canada depelsmaekeradam https://padlet.com/deropc/phase21/wish/170736980 Canada's GDP is steadily and slowly rising at a rate of 0.6%. Inflation rates our rising at a rate of 1.6% while unemployment ]]> 2017-05-09 12:21:31 UTC https://padlet.com/deropc/phase21/wish/170736980 Japan https://padlet.com/deropc/phase21/wish/170737736 Ben Younglao: Japan’s economy is currently expanding. This is due to the fact that unemployment is low, GDP is raising, and personal spending is up. Japan doesn’t seem to be at a peak, however, since the inflation rate shows a downward trend, as low as 0.3%, while personal savings are slowly raising. Based off this information, it makes the most sense that Japan is somewhere in the middle of a recovery, mainly due to their increased personal spending and GDP. 


]]> 2017-05-09 12:24:35 UTC https://padlet.com/deropc/phase21/wish/170737736 Italy bergadam https://padlet.com/deropc/phase21/wish/170750603 Italy's economy is in the very early stages of recovery. This is due to the very pathetic GDP growth of 1% annually. Unemployment is very high, at 11.7%, but is projected to decline in the next few years. There is an interest rate of 0% which means that Italy has little faith in the economy. Taxes are at a high for citizens, being 48.8% for personal income, and a 22% sales tax. ]]> 2017-05-09 13:09:38 UTC https://padlet.com/deropc/phase21/wish/170750603 Logan Vasicek: Canada https://padlet.com/deropc/phase21/wish/170875987 The Canadian economy currently sits in the early stages of recovery. This is indicated by small, but positive GDP growth rate of .6%. Unemployment remains a bit on the high side at 6.5%, but unemployment as a trend is decreasing. Wage growth is on the rise as a general trend, indicating that more citizens are finding work as time progresses. Inflation currently remains a bit low of its target, at 1.6%. Interest rates remain low, and taxes are on the rise. Given all of these factors, I can confidently state that the Canadian economy is in the early to mid stages of recovery. 

]]> 2017-05-09 20:21:55 UTC https://padlet.com/deropc/phase21/wish/170875987 Nathan Miller - Bolivia https://padlet.com/deropc/phase21/wish/170896129 #1 please disregard the 1st Bolivia post. I was unable to finish in class and didn't know how not to submit it.

The Bolivian economy is currently coming out the recession point on the business cycle (recovery). This can be estimated because the GDP of Bolivia has grown from -7.35% and currently sits at 5.95% and is still growing. Also unemployment has shrunk from 7.5% to 7.4% from 2012 to 2013. (This data was last shared in December of 2013 - no data since then) In addition, GDP per capita has risen exponentially since 2012 and continues to rise. There was no data on wage growth on Bolivia, but consumer spending has increased since 2014 showing a growth of disposable income as a result of higher wages since all taxes in Bolivia are at a fixed rate and do not change. This shows that the recession in Bolivia is ending as wages are most likely increasing. Inflation is also decreasing but is still at a relatively high rate of 3.34% showing that the country is climbing out of the recession because inflation is falling. They are not out yet though as I confidently state that Bolivia is entering a state of growth after beginning to exit the recovery stage of a recession.


]]> 2017-05-09 23:35:25 UTC https://padlet.com/deropc/phase21/wish/170896129 Japan youngstromandrew https://padlet.com/deropc/phase21/wish/170898192 Japan is currently in a recovery. This is seen in the raising of their inflation from .2%. Their GDP is also raising back from 1.6% to their target 3-4%. Their Personal Savings Rate is at 3.8% right now and is rising back towards the target of 10%.]]> 2017-05-10 00:00:29 UTC https://padlet.com/deropc/phase21/wish/170898192 Dominican Republic- Mackenzie Davies https://padlet.com/deropc/phase21/wish/170915717 The Dominican Republic is currently in the growth phase of the business cycle. They currently have a high GDP at 5.8% but are steadily decreasing throughout the year. The rate of inflation is climbing to 3.14%. The unemployment rate is at 13.3% but decreasing within the next five years. Overall the economy of the Dominican Republic seems to be on the way to better ways in the near future. ]]> 2017-05-10 03:40:26 UTC https://padlet.com/deropc/phase21/wish/170915717 UK Olivia Farrell https://padlet.com/deropc/phase21/wish/171221663 The UK is in a recovery and trying to grow again. There current GDP is at a rate of 2.1% and the trend of that is increasing, the CPI is about a 2.3% which is higher then the target but still good. ]]> 2017-05-11 11:51:40 UTC https://padlet.com/deropc/phase21/wish/171221663 Chad https://padlet.com/deropc/phase21/wish/171221835 The country of Chad, which was established on August 11, 1960, began as a country whose economy was solely based on livestock. Located in central Africa, Chad's economy has never really had an easy time advancing with the rest of the world, leaving its economy and government in shambles. This is easily seen by Chad's inflation rate of -3.1% and its severe decrease in GDP, standing at 4.1%, which is less than half of where a third world country should be.]]> 2017-05-11 11:52:34 UTC https://padlet.com/deropc/phase21/wish/171221835 Derek Miner- Australia https://padlet.com/deropc/phase21/wish/171221942 It is believed that the Australian economy is in a recovery period because the annual GDP is at 2.4% and is recovering from a recent hit from July-October 2016. Australia recently added 60.9 thousand jobs in March of 2017, and the unemployment rate has overall declined since.]]> 2017-05-11 11:53:09 UTC https://padlet.com/deropc/phase21/wish/171221942 Australia metivagarhet https://padlet.com/deropc/phase21/wish/171222870 Australia currently has a GDP of 1.1% and it is steadily decreasing, the rate of inflation is down at 2.1% and is staying steady throughout the years. The unemployment rate is currently sitting at 5.88% and has continued to go on an upward trend the last 5 years. The GDP per capita is at 54688 and over the last 5 years it has been rising. ]]> 2017-05-11 11:57:58 UTC https://padlet.com/deropc/phase21/wish/171222870 Land of the Rising Sun: Japan huntergavin https://padlet.com/deropc/phase21/wish/171223822 Based on current data, Japan appears to be in the recovery phase of the business cycle. One large indicator is the GDP annual growth rate, currently at 1.6%, which has been trending slightly downward for the past five years but has had an upward trend over the past year. Personal savings rate is far from the target of 10%, and currently at 3.8% but showing signs of a slow upward trend over the past five years and a bit steeper of a trend over the past year. One of the largest issues with Japan's economy is that the GDP annual growth rate is essentially restricted from increasing much faster than 1.6% as a result of the incredibly low unemployment rate of 2.8%, which is decreasing over the past year and 5 years. This is to say that since most everybody is working there isn't room to increase the workforce and make GDP grow faster. ]]> 2017-05-11 12:02:31 UTC https://padlet.com/deropc/phase21/wish/171223822 Italy- Justin Plowdrey https://padlet.com/deropc/phase21/wish/171224485 Italy's economy appears to be in a recovery after the recession and is slowly growing as its GDP is positive and growing but slowly so its in an early recovery, Its inflation and unemployment is on target and at a good rate at 1.8 and 4 percent respectably with personal savings rates slightly below average. along with a positive balance of trade, these factors point to an Italian economy that's slowly recovering and pulling itself out of a recession.  ]]> 2017-05-11 12:06:00 UTC https://padlet.com/deropc/phase21/wish/171224485 Turkey haretanner https://padlet.com/deropc/phase21/wish/171226394 Turkey is at the recovery level of the business cycle. For the past year, the GDP rate is at 3.8%. The unemployment rate is at 13%. Over the years, you can see that the GDP is at a slight steady in]]> 2017-05-11 12:14:06 UTC https://padlet.com/deropc/phase21/wish/171226394