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Learn about the essential indicators for monitoring the Eurozone economy: GDP, inflation rates, interest rates, debt levels, unemployment rates, and international trade degrees. Explore how these indicators impact economic growth and stability.
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Indicators needed for monitoring the Euro 1.GDP 2.Inflation Rates 3. Interest Rates 4. Debt Levels 5. Unemployment Rates 6. Degrees of International Trade
GDP • GDP measurements serve as accurate measurements of Debt in Relation to Tax Revenues. • According to the European Commission, “the gains from carrying out transactions in a single currency could be as high as 0.5 percent of European Union gross domestic product (GDP) per year” • Eurozone countries have actually seen an increase in GDP in previous years, despite the Global economic recession.
Works Cited • YanneGoossens, “Alternative progress indicators to Gross Domestic Product (GDP) as a means towards sustainable development.” October 2007. Web. Obtained on 4/30/11 from: http://www.beyond-gdp.eu/download/bgdp-bp-goossens.pdf