China 2008-2014
Second largest trading partner of the USA
soaring bilateral trade surpluses : over $273 billion in 2010
Shanghai Stock Exchange : total market capitalization rise from less than $0.3 trillion in 2005 to $2.7 trillion at the end of 2010
Domestic demand was boosted by a huge fiscal stimulus package equivalent to $600 in November 2008
Europe 2008-2014
Eurozone Crisis
Europe today being the best recession example
How?
Budget-economy programs
Price reduction in production
Specific tax policy (Germany)
Lower labor costs
…
