I am teaching aspects of the European single currency this week, naturally there are many charts that tell important stories about the macro challenges facing countries inside the euro area. I have made a file of charts available for download and I hope this might be of help to teachers covering the Euro for Unit 4 macro. See the link below:

Euro Area Macro Situation

Indicator

2008

2009

2010

2011

2012

This data covers all seventeen nations inside the Euro Area

Individual macro indicators for each country will be different

Real GDP (% change)

0.3

-4.3

1.9

1.5

-0.4

Consumer spending (% change)

0.4

-0.9

0.9

0.1

-1.0

Capital investment (% change)

-1.6

-12.7

-0.3

1.6

-3.6

Output gap (percentage of potential GDP)

1.9

-3.6

-2.7

-2.2

-3.7

Unemployment rate (percentage of labour force)

7.4

9.4

9.9

10.0

11.1

Fiscal Balance (percentage of GDP)

-2.1

-6.3

-6.2

-4.1

-3.3

Short-term interest rate (per cent per annum)

4.6

1.2

0.8

1.4

0.6

Consumer price inflation (per cent)

3.3

0.3

1.6

2.7

2.4

Source: OECD World Economic Outlook, accessed December 2012

File: European_Monetary_Union.docx (word file, 370kb)

Rescue funds announced


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