Analyze one week of world economy Essay Example | Topics and Well Written Essays - 500 words - 2

Analyze one week of world economy - Essay Example Prices slide the better part of the week resulting in weak sales everywhere excluding gasoline. There were declines in sales at food and beverages businesses, clothing retailers and auto dealers offset by unpretentious gains in online retailers, restaurants and bars and home improvements. The control and organize group that excludes gas, building materials, car sales and food services shows a superior consumer enough spending. Although the sizeable decline in the prices of gasoline was foreseen as to enhance general consumer spending, these never happened. Due to the falling in gasoline sales inflation rate dropped, as a gallon of gas prices fell by 18 percent in the week as a result of seasonal adjustments. Personal saving rate also jumped up to 4.9 percent. Moreover, retail sales fell unexpectedly in the week but started rising. However, China economies continue to weaken with the rate of inflation reaching zero. There was a decrease in consumer prices while producer prices plunged unexpectedly. China trade industry of export was inclining. There was a decline in imports and was contributed by the drop in petroleum prices. Japanese economy recovered from the recession and grew with 2.2 percent shaking off the stagnation. Consumer behavior remained soft as the exports increased tremendously. Inflation rate has been moved from the previous rate of 2percent. The gross domestic product noticed an increase of 0.6 percent and the depreciated yen drove up exports further high. Private consumption that takes up to 60 percent of the Japanese economy rose up 0.3 percent. Global economy is slowly and gradually growing and is estimated to grow at 3 percent in the year of 2015.The acceleration was mainly driven by mature economies such as America and the Euro Area mainly because of the decrease in oil