This is not government debt, this is simply Central Bank balance sheet per capita (for every person in that country), and the numbers are staggering …
The Bank of Japan has set out a guidance (or target) to buy 6 trillion Yen ($56 billion) worth of exchange traded funds (ETFs) a year, a measure designed to funnel money into the economy. It also has a policy to increase its ETF purchases if market volatility begins to hurt business confidence (as COVID-19 has)
U.S. gross domestic product (GDP) contracted 5% in Quarter 1 (Q1) 2020 (vs Q4 2019) but grew 2.1% (vs Q1 2019) on back of economic activity being hit due to the spread of COVID-19. On a long-term average, the numbers aren’t really that bad but Q2 2020 will be far worse …
GDP contracted for the European Union (EU27) by 3.3% in the first quarter (Q1) 2020 (compared to Q4 2019) and by 2.6% (compared to Q1 2019).
GDP contracted for the Euro Area or Eurozone (EA19) by 3.8% in the first quarter (Q1) 2020 (compared to Q4 2019) and by 3.2% (compared to Q1 2019).
Continue reading “European Union Q1 2020 GDP contracts by 3.3% (QoQ) and contracts 2.6% (YoY); Euro Area or Eurozone Q1 2020 GDP contracts by 3.8% (QoQ) and contracts 3.2% (YoY); France, Spain and Italy see largest falls”
UK Q1 2020 gross domestic product (GDP) was estimated to have fallen by 2% in the quarter compared to Q4 2019, the largest fall since Q4 2008.
When compared with the same quarter (Q1 2019) a year ago, UK GDP decreased by 1.6% in Q1 2020 which was the biggest fall since Q4 2009.
U.S. GDP grew at 2.1% in Quarter 4 (Q4) 2019 (vs Q3 2019) and 3.9% (vs Q4 2018).
UK gross domestic product (GDP) was flat (Quarter on Quarter compared to Q3 2019) in volume terms was flat in Q4 (October to December) 2019. Compared to Q4 2019 (same quarter a year ago), UK GDP increased by 1.1%.
Q4 2019 GDP growth
GDP growth for the European Union (EU27) was 0.2% in the fourth quarter (Q4) 2019 (compared to Q3 2019) and 1.2% (compared to Q4 2018).
GDP growth for the Euro Area or Eurozone (EA19) was 0.1% in the fourth quarter (Q4) 2019 (compared to Q3 2019) and 1% (compared to Q4 2018).
Continue reading “European Union (EU) Q4 2019 GDP growth at 0.2% (QoQ), 1.2% (YoY), 2019 growth at 1.5% (YoY); Euro area (Eurozone) Q4 2019 GDP growth at 0.1% (QoQ), 1% (YoY), 2019 growth at 1.2% (YoY)”