Economy going down
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Everyone is in pain. When will I lost the job? What will I going to do when I graduation? Is money enough I use? It predicts that world peak oil production will be reached sometime between 2000 and 2010, and will decline thereafter. The U.S. economy is in the danger zone and one good shock could send it into recession next year, according to Global Insights, which released its top 10 predictions for 2008 Tuesday.
World GDP (PPP): $65 trillion
GDP Growth Rate: 5.2%
Growth Rate of Industrial Production: 5%
GDP By Sector: Services- 64% Industry- 32% Agriculture- 4%
GDP Per Capita (PPP): $9,774
Population: 6.65 billion
The Poor (Income below $2 per day): 3.25 billion (approximately 50%)
Millionaires: 9 million (approximately 0.15%)
Labor Force: 3.13 billion
Exports: $13.87 trillion
Imports: $13.81 trillion
Inflation Rate – Developed Countries: 1% - 4%
Inflation Rate – Developing Countries: 5% - 20%
Unemployment – Developed Countries: 4% - 12%
Unemployment & Underemployment - Developing Countries: 20% - 40%
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