International: Global Scenario

Economic growth
Led by Vietnam with an annual growth rate of its gross domestic product of 7.46 percent in the third quarter of 2017, other high growth emerging market countries comprise Bolivia (6.3 %) in Latin America; Egypt (5.3 %) in the Middle East; Rwanda (4.9 %) and Nigeria (4.3 %) in Africa; and Ireland (4.2 %) and Moldavia (3.6 %) in Europe.

Price inflation
Venezuela leads the table with an annual inflation rate of 741 percent as of February 2017, followed by South Sudan with an annual rate of 117.7 percent as of December 2017. The Congo suffers from an inflation of almost sixty percent and Syria of over forty percent.
In the industrialized countries, inflation rates are very low. As of January and February 2018, both Japan and Germany register an annual inflation rate of 1.4 percent. The average of the European Union is 1.2 percent, and in the United States, the annual inflation rate in January 2018 was 2.1 percent.

Unemployment
In terms of unemployment, there are dramatic differences among the countries. Congo has an official unemployment rate of close to fifty percent, Namibia has a rate of thirty-four percent, while Gambia has close thirty percent. Low-unemployment comprise Qatar (0.2 %), Thailand (1.2 %), Vietnam (2.2 %) and Uganda (2.3 %).

Current Account
The situation concerning the current account balances is very uneven. Some countries have double digit current account surpluses, such as Singapore (19 %), Taiwan (13.4 %), Thailand (11.5 %), and Switzerland (11 %), while other countries suffer from extreme deficits of their current account balance in percent of gross domestic product such as Mozambique (-37.9 %), Libya (-37.8 %), the Republic of Congo (-24.2 %), and Niger (- 19.4 %).

Interest Rates
The phenomenon of nominal negative interest rate persists in several countries, such as in Switzerland (-0.75 %), Denmark (-0.65 %), Sweden (-0.50 %), and Japan (-0.10 %).

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