11 economies in decline (table)
CNNNovember 2008
Leaders of world's largest economies convene in Washington, D.C., to address the worst financial catastrophe in a generation.
President Bush and other officials will meet Friday and Saturday to discuss the global financial crisis. Credit has stopped flowing, economies have slowed down, consumer prices have soared, unemployment is on the rise and stock markets are plummeting. Central banks have initiated programs costing trillions of dollars, but there is little sign that the crisis has abated. Here is a snapshot of 11 key economies and the challenges they face.
| Country | GDP growth |
Inflation |
Unemployment |
Stock market decline |
Gallon of gas |
Interest Rates |
|---|---|---|---|---|---|---|
| Brazil | 5.23% | 5.74% | 7.70% | -44.16% | $5.83 | 13.75% |
| China | 9.74% | 6.43% | 4%* | -64.92% | $3.48 | 6.66% |
| Germany | 1.85% | 2.94% | 7.43% | -41.12% | $8.58 | 3.25% |
| Iceland | 0.30% | 12.12% | 2.20% | -45.81% | $7.54 | 18.00% |
| India | 7.93% | 7.93% | 7.80% | -51.48% | $4.95 | 7.50% |
| Japan | 0.69% | 1.57% | 4.05% | -42.45% | $5.78 | 0.30% |
| Russia | 7.00% | 14.03% | 5.90% | -65.53% | $3.93 | 11.00% |
| Saudi Arabia | 5.85% | 11.45% | 13%† | -50.50% | $0.45 | 4.00% |
| South Africa | 3.83% | 11.78% | 23.20% | -30.64% | $4.64 | 12.00% |
| United Kingdom | 0.99% | 3.78% | 5.40% | -34.20% | $8.09 | 3.00% |
| United States | 1.57% | 4.22% | 5.62% | -33.10% | $3.80 | 1.00% |
† Males only
GDP and inflation figures are 2008 full-year estimates.
Unemployment, market and inflation figures are year-to-date.
Gasoline prices for Sept., 2008
Sources: IMF, national statistics offices, central banks, stock exchanges, AIRINC