What is the current divergence between the major economies?

Economy: Economy refers to the general term and division of the economic composition of a certain region, and economy refers to the sum of social production relations. It refers to the sum of production relations or social and economic systems formed by people in the process of production of material materials and corresponding to certain social productive forces, and is the foundation on which the superstructure of politics, law, philosophy, religion, literature, and art is relied upon.

Introduction: Economy refers to the general term and division of the economic composition of a certain region. An economy can refer to a region, such as Taiwan, or a group of countries within a region, such as the European Union, ASEAN, etc.

The top economies in the world are the United States, the European Union, China, Japan, and Germany, and the rankings of these economies change frequently because of the rapid economic development of countries such as China. The ranking is also based on the actual GDP of the economy. When economic problems or difficulties arise within an economy, a unified monetary and fiscal policy is often adopted to deal with the crisis and tide over the difficulties together.

It shows the unevenness of the development of the world economy. Major economies can be understood as, countries, regions, economic organizations. Differentiation means that some are in a moment of crisis, some are in the recovery stage, and some are still alive.

It means that the economy is moving in two opposite directions.

Major economies refer to economically developed countries.

For example, in 2011, the global economy was still in the process of recovering from the crisis. In the first half of the year, the global economic recovery momentum was obvious, and emerging market economies generally faced high inflationary pressures.

However, due to the impact of the tsunami in Japan and the intensification of the European debt crisis, the trend of advanced economies diverged in the second half of the year, and the growth rate of emerging market economies slowed down.

The U.S. economy has maintained modest and fragile growth. After a more pronounced recovery in 2010, the U.S. economy continued to maintain good momentum in early 2011, slowing significantly in the second quarter due to the tsunami in Japan, but rebounding slightly in the third quarter. The annualized rate of economic growth in the four quarters was a significant slowdown from 2010.

At the same time, the unemployment rate fell from 10% in 2010 to the end of 2011, indicating that the economy is still on the track of recovery.

The eurozone is facing a major crisis. As the Greek issue dragged on, the pessimism in the market spread further to major European economies such as Spain and Italy, leading to greater pressure on the European banking sector and a credit crunch. At the same time, countries have introduced fiscal austerity measures to control deficits, further dragging down the eurozone economy.

Japan's economy remains sluggish. Japan's economic growth in the four quarters hit by the tsunami was at an annualized rate of the same month, and the economy contracted for the whole year compared with the previous year.

From the opposite trend of the United States, the euro area and Japan, the divergence of the trend of this major economy is explained.