China
GDP 6.7%
Inflation -1.6%
Unemployment 9%*
Markets 22.1%
Gallon of gas $3.01
Interest Rates 5.31%
Challenges The country's GDP fell to a 5-year low in 2008 as manufacturing exports slowed amid weak global demand. And mass layoffs at factories are worse than the official 9% unemployment rate suggests, since China does not track employment outside of major cities.
Solutions Premier Wen Jiabao's government unveiled a $586 billion government stimulus package in November, aimed at boosting housing, health care and infrastructure, including more than $70 billion in tax breaks for struggling exporters. In mid-March, Wen said another stimulus may be needed to bring economic growth back up to 8%.
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Inflation -1.6%
Unemployment 9%*
Markets 22.1%
Gallon of gas $3.01
Interest Rates 5.31%
Challenges The country's GDP fell to a 5-year low in 2008 as manufacturing exports slowed amid weak global demand. And mass layoffs at factories are worse than the official 9% unemployment rate suggests, since China does not track employment outside of major cities.
Solutions Premier Wen Jiabao's government unveiled a $586 billion government stimulus package in November, aimed at boosting housing, health care and infrastructure, including more than $70 billion in tax breaks for struggling exporters. In mid-March, Wen said another stimulus may be needed to bring economic growth back up to 8%.
See stats for all 10 countries
NEXT: Brazil
Last updated March 30 2009: 8:02 AM ET
RSS*China only reports urban unemployment rates
Sources: IMF, national statistics offices, central banks, SSEA, AIRINC
Sources: IMF, national statistics offices, central banks, SSEA, AIRINC
