The Economies of the World

THE ECONOMIES Indicators in the world's 10 lorgest economies have painted a bleak picture over the post few years. Unemployment rates (UR) were climbing os growth in gross domestic product (GOP) slipped. For many of those countries, however, there is evidence of recovery. In 2010, overoge annual GDP growth for the group wos 3.3%, completely reversing the Of the World 34% dedine of just a yor earier. The employment news woS not os good. The overoge unemployment rose from an average of 5.4% in 2008 to 7.0% in 2010. GDP: annual percentage change UR: annual unempleyment rate unemployment rote in 2010 UNITED STATES lll. 9.6% 2010 FRANCE 9.3% 1900 1905 1990 1995 2000 2010 ITALY 8.5% 1980 1990 1995 CANADA 8.0% UNITED KINGDOM 7.8% Шинн. 1980 1995 2010 GERMANY 7.1% MEXICO 5.3% IllIullull 1980 1985 1900 AUSTRALIA 5.2% * 1985 1990 1995 2000 JAPAN 5.1% 2010 KOREA 3.7% Iim ииииит ииииш 1990 2000 Authors: Courtney Griffith (courtney.[email protected], @CourtneyG_7) and Jonathan Schwabish ([email protected], @Jschwabish) Source: Organisation for Economic Co-operation and Development GDP GDP UR GDP