Posts Tagged ‘rate’

Inflation trend worldwide

Inflation trend worldwide

Inflation trend worldwide

The inflation represents the increase of the general level of prices in a economy, in a certain period of time. This means that the prices of goods and services had generally increased in the reviewed period of time.

In the last century the global inflation constantly increased, with a small acceleration in the last few decades. Many economists fear that the global recession could be followed by a significant rise of the global inflation. (more…)

Oil price rising again

Oil price rising again

Oil price rising again

In the last ten years the oil price fluctuated a lot. In 1999 during the Asian Financial Crisis doubled by increased oil production of Iraq, the oil price was set at one of the lowest points in history: $17 per barrel.

After that low point the price started to move constantly upwards. In early 2008 the oil price hit $100 and by July, in the same year the oil set a new record high of $147.27 per barrel. The geopolitical aspect consisting in international concern over Iranian missiles tests played a very important role in reaching this high value for a barrel of oil. (more…)

The world unemployment rate is still rising

The world unemployment rate is still rising

The world unemployment rate is still rising

Although some countries are not affected by recession, the unemployment is rising around the world. In the European Union, the 16 countries that use euro have an unemployment rate of 9.6% (Aug 2009). In the top 30 wealthiest countries in the world Spain is the last, having a 17.6% unemployment rate, while Netherlands leads with 3.2%.

In U.S. the unemployment rate reached 9.8% in September, this level being the highest in 13 years. Most economists are still pessimists and estimate that in 2010 the rate will reach over 10%. They also say that will take at least three years for U.S. to go back to the same figures as before the crisis. (more…)