Some European countries this year, Economic Events

January

On the 17th the German economy and technology minister Michael Glos expected GDP in Germany in 2009 might be reduced by 2.5%, which will record the largest decline since World War II.

On the 30th the German Federal Department of Labor data, the German unemployment rate in January rose to 7.8%.

February

Day 2 Russian Ministry of Economic Development announced that in 2008 Russia's GDP increased by only 5.6% year-on-year growth rate fell 2.5 percentage points.

Day 3 Shuvalov, Russia's First Deputy Prime Minister announced that Russia in 2009 the actual number of unemployed will increase based on the original one million people.

Poland announced on the 4th of Labor data show that in December 2008 the unemployment rate rose to 9.5% in Poland, the number of registered unemployed 1,474,400, a record at the end of 4 years the largest increase in unemployment. Polish government in 2009 the unemployment rate prediction may be as high as 12%.

5 day UK central bank announced to cut interest rates 50 basis points to 1 percent, the Bank of England to create 314-year history of the lowest benchmark interest rates.

11, the latest data show that the unemployed population in the United Kingdom has reached two million for the Labor Party came to power in 1997 the highest since.

On the 13th French National Bureau of Statistics announced that the fourth quarter of 2008, French GDP fell 1.2 percent, a record 30 years the most. French Finance Minister Christine Lagarde is expected in 2009 French GDP will shrink 1.5% -2% or more.

16 Confederation of British Industry is expected to be the United Kingdom in 2009 GDP fell 3.3 percent, a record since 1949, the biggest drop.

The same day the European Commission in 2009 French budget deficit is expected to account for the proportion of GDP will reach 5.4% in 2010 to reach 5.0%.

Statistics on the same day Russia announced that Russia's industrial output in January fell 16 percent, a record 15 years, the largest single month decline.

19 day British National Bureau of Statistics figures show that since April last year to January this year, the United Kingdom public sector budget deficit as high as 42.5 billion pounds (about 60.4 billion U.S. dollars), almost the same period last fiscal year more than 5 times.

Day 20 French National Bureau of Statistics announced in January French consumer price index (CPI) for the first seven months of the previous month declined 0.4 percent.

The same day due to face serious economic difficulties, Prime Minister of Latvia, the rate of the collective resignation of the cabinet.

Germany on the 24th Munich IFO Institute for Economic Research think tank, published data, the German business climate index in February fell to 82.6 points, hitting 26-year low.

The same day the report quoted the Bank for International Settlements data showed that as at the end of 2008, the Eastern European country's total foreign debt has more than 1540 billion U.S. dollars, one of Poland and the Czech Republic's level of external debt has reached 100% of national GDP, Hungary's foreign debt to GDP levels twice as many.