Page 43 - Araştırma Raporu 2019

1.2 WORLD ECONOMY RANKING

WORLD ECONOMY COUNTRY NAME GSYH

USA 21.345 Billion $
China 14.217 Billion $
1.1 ECONOMIC DEVELOPMENTS Japan 5.176 Billion $

Germany 3.964 Billion $
· The Fed raised the policy rate by 25 basis points in · The US and Chinese heads of state, at their meeting
India 2.972 Billion $
line with the expectations at the last meeting of the at the G-20 summit, reached a consensus to continue
England 2.829 Billion $
year. The number of Fed members' forecast hike for trade negotiations, alleviating concerns about the
2019, which was three before, has dropped to two. trade war. France 2.762 Billion $
· Indicators that global economic activity is losing · Leading data announced in China indicate that the Italy 2.026 Billion $
momentum negatively affect risk perception slowdown in economic activity continued in the Brazil 1.960 Billion $
· The budget tension between Italy and the EU, which second quarter of 2019..
Canada 1.739 Billion $
was on the agenda throughout November, ended with · With Boris Johnson taking office as Prime Minister in
the adoption of the new budget Italy submitted to the the UK, the possibility of no-deal Brexit strengthened.
EU. · Central banks of developing countries, especially Turkey is located 20th with the $706 billion worth of GDP
· While the decline in oil prices continued in December Asian countries, which have been adversely affected ranks in the world.
despite the OPEC and non-OPEC producers' decision by the trade wars, also support economic activity by
to cut production, gold prices increased in the last lowering interest rates.
month of the year. · The International Monetary Fund revised its global
· In the January update of the World Economic growth expectations downward for 2019 and 2020.
Outlook report, the IMF set its global growth forecast Significantly lowering its growth expectations for
as 3.5% and 3.6%, down 0.2 and 0.1 points for 2019 developing countries, the organization lowered its
and 2020, respectively. Organization stating there growth rate forecast for global trade volume by 0.9
would be deeper than expected economic contraction points this year.
in Turkey , did not disclose growth forecast for our · Rising tension in the trade war triggers demand-
country driven concerns, putting downward pressure on oil
· The British Parliament, which did not approve the prices.
Brexit agreement, accepted the proposals for the · Oil prices, which rose rapidly after the attack on
country not to leave the EU on March 29 without an Saudi Arabia's oil facilities, declined with the
agreement and to re-negotiate the rejected Brexit announcement that the loss of production would be 1.3 THE MOST PROSPEROUS COUNTRIES
agreement by solving the Northern Ireland problem. compensated within 2-3 weeks. Gold prices generally
· While the Fed's dove tone has increased the trend followed a downward trend in September. COUNTRY NAME
towards US Treasuries, the reversal of the slope of the · In the third quarter of the year, the Euro Area Another criterion of global existence is
yield curve has raised recession concernsIn February, economy recorded a moderate growth of 0.2% on a high welfare. In order to determine the FINLAND
the central government budget posted a deficit of 16.8 quarterly basis. level of welfare, criteria such as DENMARK
billion TL. · Brexit, scheduled for October 31, has been economic quality, business environment,
· Despite the expectations that trade negotiations postponed again. The British Parliament decided to NORWAY
political environment, education, health,
between the US and China could result in an hold general elections before Brexit, which was IZLAND
agreement in the near future, US President Trump's postponed to the end of January. security, personal freedom, social
threat to raise taxes on China in early May raised · Despite the measures taken by the government, the capital, natural environment should be NETHERLANDS
questions about the process. Chinese economy lost momentum in the third quarter evaluated. And as a result of this SWISS
· It has been decided that the UK's exit date from the of the year and grew by 6% on an annual basis.
evaluation, the welfare level of the
EU will be delayed until 31 October, with the approval · China's Central Bank cuts short-term borrowing SWEDAN
of the EU leaders. costs for the first time since 2015. countries is determined every year. NEW ZELAND
· OECD and World Bank lowered their global economic · The OECD announced its 2019 and 2020 global
growth forecast for 2019. Organizations also their growth forecast at the level of 2.9%. Finland is chosen as the country with CANADA
growth estimates Turkey's economy was seen to revise the highest level of welfare in 2019. AUSTRIA
downward. Turkey's economy will shrink by 2.6% this
Turkey is located 79th rank on this list.
year, the OECD predicted that the World Bank's
estimate of the reduction in the level of 1%.

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