European Economic Growth Essay Example | Topics and Well Written Essays - 1000 words

European Economic Growth - Essay Example This global financial crisis tagged with dire housing market corrections has resulted in a peculiarly uncertain situation (European Commission). The resultant shock has reduced the domestic demand throughout the EU, which is pathetically debilitating considering the fact that the external demand is already on the ebb (European Commission). The autumn economic forecast published by the European Commission in November 2008 reflects a crucial stagnation of the EU economy by the end of the year 2009. Though the inflationary pressures are expected to ease, the labour market and the financial sector is predicted to deteriorate even further (European Commission). Most of the European economies are either already in or are on the verge of facing a recessionary situation and the economic growth is expected to dip down even further (European Commission). As per the current estimates, the GDP growth in the EU is projected to retard to 1.4 percent by the end of the year 2008 and will dip down to a worrying figure of 1.1 percent by 2010 (European Commission). The consumer price inflation that has already achieved its peak level is expected to plummet to 2.25 percent in 2009 and to approximately 2 percent by the end of the year 2010 (European Commission). ... prices and a relative softening of the labour markets because of the bleak prospects pertaining to the overall economic growth (European Commission).(European Commission) The labour markets are already being impacted by stagnation in the economic growth and this is expected to give way to a drastic fall in the employment levels throughout the EU. The employment situation is expected to ease beyond 2009 (European Commission). That will lead to the creation of 0.25 million jobs in the EU in 2009-2010 (European Commission). However, this increase is strikingly less as compared to 6 million jobs created in the EU in 2007-2008 (European Commission). Thus the unemployment rate in the EU is expected to appreciate by 1 percent in the next two years, thus achieving an overall figure of 7.8 percent (European Commission).So far as the public finances are concerned, the present circumstances portend a bleak scenario. The deficit in the government budgets that was roughly 1 percent of GDP in 2007 is expected to appreciate to 2.6 percent by 2010 (European Commission)(European Commission) Considering the fiscal and monetary packages being extended by the governments to resuscitate the ailing economies, the budgetary deficits may rise even further in the times to come (European Commission). Thus, realistically speaking, the public debt is expected to further rise as this economic crisis worsens. The current prospects pertaining to the economic growth in the EU are enveloped in a mist of uncertainty, doubts and apprehensions. The existing credit crunch may worsen, persist for a longer period of time and perhaps could have a more debilitating impact on the EU economy. Further corrections in the housing market may be required

Study proposal Research Example | Topics and Well Written Essays - 250 words

Study - Research Proposal Example to Isabel Cavill – a senior retail analyst who specializes in luxury retail markets mentioned that China’s retail market can increase up to 14% between 2012 to 2013 (Red Luxury, 2012). To examine the impact of China’s economic growth on the luxury fashion market, this study will conduct a primary research survey study to determine the consumers’ willingness to spend on luxury goods in times of a strong economic growth. Basically, the first part of the proposed research methodology will focus on identifying the demographic profile of the research survey participants whereas the second part will focus on determining consumers’ purchasing habit in times of economic growth. (See Appendix I on page 5) A descriptive statistics such as the computation of frequency and percentage will be used to measure the research survey respondents’ demographic profile. Using anchors of 1 = strongly disagree and 5 = strongly agree, a five-point Likert scale type of research questions will be used to determine the Chinese consumers’ willingness to purchase luxury items in times of economic growth (David and Sutton, p. 167). Branigan, T. (2011, April 26). The Guardian. Retrieved May 13, 2012, from Chinas taste for high-end fashion and luxury brands reaches new heights: Vogue China editions the size of a doorstop, 960,000 millionaires and rising, and now the aspirational class are buying: http://www.guardian.co.uk/world/2011/apr/26/china-super-rich-demand-luxury-brands Hutzler, K. (2011, July 20). Luxury Daily. Retrieved May 13, 2012, from Chinese fashion market to triple in size over next 10 years: BCG: http://www.luxurydaily.com/six-trends-brands-need-to-be-aware-of-before-entering-chinese-market-study/ Red Luxury. (2012, February 15). Retrieved May 24, 2012, from How Does a Shifting Economy Impact China’s Luxury Market?: