The Financial Crisis Is Severely Affecting The World 3
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Transcript of The Financial Crisis Is Severely Affecting The World 3
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The financial crisis is The financial crisis is severely affecting the severely affecting the
world economyworld economy
Economic problems Economic problems
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Financial crisisFinancial crisis Average sales of consumer productsAverage sales of consumer products Value demandValue demand Gross Value AddedGross Value Added The deterioration of the economyThe deterioration of the economy Royal economyRoyal economy UnemploymentUnemployment Services sectorServices sector Tourism sector I, IITourism sector I, II
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Financial crisisFinancial crisis
Available indicators for the fourth Available indicators for the fourth quarter point to an intensification quarter point to an intensification of the slowdown in consumption of the slowdown in consumption and investment, falling and investment, falling employment and rising employment and rising unemployment. unemployment.
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Average sales of consumer productsAverage sales of consumer products
Gross Domestic Product (GDP mp). Catalunya. 3r. quarter 2008 Gross Domestic Product (GDP mp). Catalunya. 3r. quarter 2008 Latest official data to find.Latest official data to find.
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Domestic demand in Catalunya Domestic demand in Catalunya during the third quarter of 2008, during the third quarter of 2008, presents interanual decreases in presents interanual decreases in all components, except the all components, except the consumption expenditure of consumption expenditure of government, showing a growth of government, showing a growth of 5.3% 5.3%
Value demand
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Average sales of homesAverage sales of homesGross Value Added (GVA pm). By industry Catalunya. 3. quarter 2008Gross Value Added (GVA pm). By industry Catalunya. 3. quarter 2008
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CURRENT CURRENT TRIMESTRETRIMESTRE
PREVIOUS PREVIOUS QUARTERQUARTER
PREVIOUS PREVIOUS YEARYEAR
TOTALTOTAL -0.6-0.6 -0.5-0.5 3.63.6
AGRICULTUREAGRICULTURE -0.6-0.6 -0.6-0.6 -3.5-3.5
INDUSTRYINDUSTRY -5.1-5.1 -3.6-3.6 1.91.9
CONSTRUCTIOCONSTRUCTIONN
-5.4-5.4 -3.5-3.5 3.63.6
SERVICESSERVICES 1.71.7 2.72.7 4.94.9
net taxes net taxes /products/products
-0.8-0.8 -0.5-0.5 0.00.0
Fourth quarter (2008)
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SpainSpain
CURRENT CURRENT TRIMESTRETRIMESTRE
PREVIOUS PREVIOUS QUARTERQUARTER
PREVIOUS PREVIOUS YEARYEAR
TOTALTOTAL :: -0.9-0.9 3.73.7
AGRICULTUREAGRICULTURE :: -0.6-0.6 -3.0-3.0
INDUSTRYINDUSTRY :: -2.4-2.4 2.52.5
CONSTRUCTIOCONSTRUCTIONN
:: -5.0-5.0 3.53.5
SERVICESSERVICES :: 33 4.64.6
net taxes net taxes /products/products
:: -0.2-0.2 0.70.7
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The deterioration of the economyThe deterioration of the economy
The deterioration of the economy has The deterioration of the economy has worsened in the last quarter of the worsened in the last quarter of the year and puts the pace of change in year and puts the pace of change in GDP in negative values (-0.6%)GDP in negative values (-0.6%)
Throughout the 2008 average growth Throughout the 2008 average growth at 0.9%, the lowest in recent years at 0.9%, the lowest in recent years after the fall of 1993after the fall of 1993
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Royal economyRoyal economy
The principal route of transmission to The principal route of transmission to the royal economy has been the the royal economy has been the restriction of the credit to the restriction of the credit to the companies and in the houses and the companies and in the houses and the decrease of the confidence. decrease of the confidence.
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UnemploymentUnemployment
At the same time, the active At the same time, the active population maintains an population maintains an unprecedented expansion of the unprecedented expansion of the context crisis. context crisis.
And have contributed to increase the And have contributed to increase the rate of unemployment to 13.9% (a rate of unemployment to 13.9% (a year before was 6.8%). year before was 6.8%).
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Services sector Services sector
The sector of the services resists the The sector of the services resists the crisis thanks to the public sectorcrisis thanks to the public sector
The tertiary activities are the only The tertiary activities are the only ones that globally during 2008 ones that globally during 2008 support positive results and close the support positive results and close the fourth quarter with an interannual fourth quarter with an interannual growth of 1.7 %growth of 1.7 %
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Tourism sector ITourism sector I
The Catalan economy, opened to the The Catalan economy, opened to the outside world, has seen this outside world, has seen this immersion in negative trend, immersion in negative trend, yetyet the the tourism diminishes 6,5 % in 2008tourism diminishes 6,5 % in 2008
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Tourism sector IITourism sector II
The tourist sector has not been foreign The tourist sector has not been foreign to this recessive dynamics that has led to this recessive dynamics that has led in 2008 to a notable reduction of the in 2008 to a notable reduction of the number of foreign tourists in number of foreign tourists in Catalunya (-6.5 %). Catalunya (-6.5 %).
And that also affects, in minor And that also affects, in minor measure, the number of nights of measure, the number of nights of stayings (-4 %).stayings (-4 %).
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The financial crisis is severely The financial crisis is severely affecting the world economyaffecting the world economy
THE ENDTHE END
Rubén MartínRubén Martín
Albert ArcusaAlbert Arcusa