1. The Economic Development of the Global Economy 2018
Instructor: David Kleykamp,
Tamkang University
Department of Diplomacy and
International Relations

2. Basic Overview of the World Economy
Hour 1
Basic Overview of the World Economy
USA
Euro Area
Japan
China

3. In this overview, we will confine ourselves to
real growth,
(2) inflation,
(3) unemployment,
(4) business confidence
(5) currency
for the countries or regions.

4. Real Growth Annualized QoQ Inflation Annualized MoM

5. PMI Manufacturing - Confidence
Unemployment Rate
PMI Manufacturing - Confidence

6. The Value of the US Dollar
Stock Market

7. Real Growth Annualized QoQ
Inflation YoY

8. PMI Manufacturing - Confidence
Unemployment Rate
PMI Manufacturing - Confidence

9. The Value of the Euro
Stock Market

10. Real Growth Annualized QoQ
Inflation MoM

11. PMI Manufacturing - Confidence
Unemployment Rate
PMI Manufacturing - Confidence

12. The Value of the Yen
Stock Market

13. Real Growth QoQ
Inflation MoM

14. PMI Manufacturing - Confidence
Current Account to GDP
PMI Manufacturing - Confidence

15. The Value of the Yuan
Stock Market

16. Summary Hour 1
USA – GDP 4.1%, Inflation 1.2%, Unemployment 4%, PMI 55.4 trend up, USD trend is up, stocks okay but tech stocks down GREEN
EA – GDP 1.4% trend down, 2.0% trend up, unemployment 8.4% trend down, PMI 55.1 trend down, Euro/USD stable at value ha been falling somewhat, Eurostoxx 50 falling and choppy GREEN
Japan – GDP -0.2% slow, inflation MoM 1.2%/yr, slightly higher, deflation in Mar. and Apr., Unemployment 2.2% sharp drop from 2/5 previous month, wage growth slow, PMI huge drop in July 53 to 51.6 trend is down, Yen is at 111 to USD trend is up, stocks flat ORANGE
China – GDP 7.4% very high since Q1 was only 5.7%, Mar. – June deflation -1.2%, Current Account to GDP falling now at 1.3%, PMI strong and stable, RMB/USD 6.8 recent strong increase, Shanghai stocks fell 22% since Jan 2018 trend has been down. ORANGE

17. Next up: The Importance of Productivity and Saving