Post-American World? Lípa - PowerPoint PPT Presentation

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  1. Post-American World?Lípa Tomáš Sedláček Chief Macroeconomic Strategist ČSOB

  2. Our Wealth … vis-a-vis the worldGDP per capita in PPP 81%

  3. General Slow Down: No country left behind 1. BUT: No negative growth expected yet! 2. EU grows faster than US (first time in history of eurozone) 3. CEE is the strongest region!

  4. Europe on the riseGDP / EU27 nominal (including euro effect) • 1999: 50% • 2008: 24% • Japan has lost half of its position in just one decade • 1999: 102% • 2001: 112% EU 40% stronger • 2008: 73% • Due to the euro sternght in the year 2003 EU27 had become a bigger economic block than US

  5. Catching up with USA… and JapanGDP/capita in PPP (excluding the effect of euro) JAPAN • 1995: 130% • 2008: 111% USA • 1999: 160% • 2008: 146%


  6. Who is a bigger debtor? The Federal debt of USA rose by 10% since 2001 EU debt fell 2% since 2001 Thus in 2007 the debt level of USA and EU is equal at 66% But add to it 10-14% from US bailouts… And the winner is: USA

  7. Thank You for Your Attention Tomas Sedlacek Chief Macroeconomic Strategist ČSOB tSedlacek@CSOB.cz gsm: +420 737 263 076 tel: +420 261 353 115 Further Articles, Opinions and Debate: http://blog.aktualne.centrum.cz/blogy/tomas-sedlacek.php