Слайд 1-3 Текст со слайда Слайд 4: The Europe 50 Index (STOXX) includes 50 stocks of the largest blue-chip companies from 11 Eurozone countries. This is a capitalisation-weighted index: the bigger the company`s market cap, the larger percentage of its weight. The weighting of one component is no more than 10%. The index composition is revised annually in September, and its members are reweighted quarterly. Geographically, the index is dominated by Switzerland, France, Germany, Spain, the Netherlands, Belgium, Italy and Denmark. The EURO STOXX 50 Index is calculated by STOXX Ltd., the world`s leading index provider. The EU50 decreased 321 points or 7.46% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks this benchmark index from Euro Area. It is expected to trade at 3823.96 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, it is estimated to be traded at 3397.13 in 12 months time. Слайд 5: In the European Union, retail sales show the evolution of the total amount of goods sold. Among goods, food, drinks and tobacco account for the highest share (40.1 percent); followed by electrical goods and furniture (11.5 percent share); computer equipment, books and other (11.4 percent share); textiles, clothing, footwear (9.2 percent share); auto fuel (9 percent share); pharmaceutical and medical goods (8.9 percent share); other non-food products (7.0 percent share) and mail orders and internet (3.0 percent share). Among countries, Germany has the highest weight (19.1 percent), followed by France (15.9 percent); the United Kingdom (14.7 percent) and Italy (11.9 percent). Retail Sales YoY in European Union averaged 1.42 percent from 2001 until 2022, reaching an all time high of 22.30 percent in April of 2021 and a record low of -17.50 percent in April of 2020. Retail Sales in European Union decreased 0.30 percent in September of 2022 over the same month in the previous year. It is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union Retail Sales YoY is projected to trend around 2.90 percent in 2023 and 1.80 percent in 2024. Слайд 6: Описать первую табличку. On the graph below you can see The production index in construction, which measures the evolution of output within the construction sector, including building construction and civil engineering/ Construction Output in European Union averaged 0.20 percent from 1996 until 2022, reaching an all time high of 34.50 percent in March of 2021 and a record low of -25.50 percent in March of 2020. Construction output in European Union increased by 1.40 percent in September of 2022 over the same month in the previous year. Construction Output in European Union is expected to be 3.80 percent by the end of this quarter. In the long-term, the European Union Construction Output is projected to trend around 2.90 percent in 2023 and 1.80 percent in 2024. Слайд 7. As for level of manufacturing activity, I could only find the statistics for the Euro Area, the Manufacturing Purchasing Managers' Index, which measures the performance of the manufacturing sector and is derived from a survey of 3,000 manufacturing firms. National data are included for Germany, France, Italy, Spain, the Netherlands, Austria, the Republic of Ireland and Greece. These countries together account for an estimated 90% of Eurozone manufacturing activity. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. The S&P Global Eurozone Manufacturing PMI was revised slightly lower to 47.1 in November of 2022 from a preliminary of 47.3, although it remained above 46.4 in October which was the lowest reading since May of 2020. Figures pointed to a fifth straight month of falling factory activity, with all of the monitored eurozone nations which combined account for roughly 90% of manufacturing activity, showing a contraction. Output continued to decline although at a slower pace and the level of incoming new orders fell sharply once again as client demand in markets across the eurozone and other parts of the globe deteriorated. There was also a further easing of inflationary pressures, in part due to weaker demand and reduced strain on suppliers. Input purchasing was subsequently reduced to the quickest extent since May 2020 and firms remained pessimistic in their outlook for the next 12 months. In the long-term, the Euro Area Manufacturing PMI is projected to trend around 53.00 points in 2023 and 53.40 points in 2024. Слайд 8. The European Union is one of the world’s biggest players in global trade. It is the second largest exporter and importer of goods in the world, as extra-EU trade accounts for about 17 percent of global exports and about 15 percent of global imports. China exports more goods than the EU, while the United States imports more goods. The EU's main exports are manufactured goods such as machinery & vehicles and chemicals, as well as food & drink. Germany, Italy, France and the Netherlands account for the largest share of total trade. China is the most important trading partner of the European Union and accounts for about 16 percent of all EU trade in goods, followed by the United States, the United Kingdom, Switzerland and Russia. Balance of Trade in European Union averaged 2746.76 EUR Million from 1999 until 2022, reaching an all time high of 29531.20 EUR Million in December of 2016 and a record low of 65638.60 EUR Million in August of 2022. In the long-term, the European Union Balance of Trade is projected to trend around 15600.00 EUR Million in 2023 and 13400.00 EUR Million in 2024. Слайд 9 Кратко описать картинки Слайд 10 Among EU Member States, the biggest economies are Germany, France, Italy and Spain. On the expenditure side, household consumption is the main component of GDP and accounts for 56 percent of its total use, followed by gross fixed capital formation (20 percent) and government expenditure (20 percent). Exports of goods and services account for 46 percent of GDP while imports account for 42 percent, adding 4 percent of total GDP. The economy of the European Union expanded by a record 5.3 percent in 2021, following a 5.9% contraction in 2020 which was the biggest decline ever, due to the COVID-19 crisis If we look closer at GDP statistics for years 2020-2022 we can see that the while the EU economy has recovered from the covid-19 shock, the GDP growth rate has been steadily declining throughout 2022. GDP Growth Rate in European Union is expected to be -0.20 percent by the end of this quarter. In the long-term, the European Union GDP Growth Rate is projected to trend around 0.40 percent in 2023 and 0.30 percent in 2024. Слайд 11 Wage Growth in European Union averaged 2.29 percent from 2010 until 2022, reaching an all time high of 4.50 percent in the second quarter of 2022 and a record low of 0.00 percent in the second quarter of 2021. It is expected to be 3.20 percent by the end of this quarter. In the longterm, the European Union Wage Growth is projected to trend around 2.30 percent in 2023 and 2.10 percent in 2024, As can be seen in chart 2, the average wage rates in the European Union widely vary from country to country: Romania has a minimum average gross wage 4.20 €, while Denmark has a maximum average gross wage of 40.20 €. Слайд 12 The unemployment rate is an important measure of a country or region’s economic health, and despite unemployment levels in the European Union falling slightly from a peak in early 2013, they remain high, especially in comparison to what the rates were before the worldwide recession started in 2008. This confirms the continuing stagnation in European markets, which hits young job seekers particularly hard as they struggle to compete against older, more experienced workers for a job, suffering under jobless rates twice as high as general unemployment. Unemployment Rate in European Union averaged 9.03 percent from 2000 until 2022, reaching an all time high of 11.70 percent in January of 2013 and a record low of 6.00 percent in July of 2022. It is expected to be 6.70 percent by the end of this quarter. In the long-term, the European Union Unemployment Rate is projected to trend around 6.40 percent in 2023 and 6.20 percent in 2024, In the lower graph for unemployment rate by country, 2021 we can see that the highest unemployment rate for the EU is in Greece -16,4%, while the lowest is in Czech republic – 2,5% Слайд 13 Кратко описать таблицу Слайд 14 Consumer Price Index CPI in European Union averaged 90.09 points from 1996 until 2022, reaching an all time high of 123.78 points in October of 2022 It is expected to be 124.95 points by the end of this year. In the long-term, the European Union Consumer Price Index (cpi) is projected to trend around 129.45 points in 2023 and 133.07 points in 2024/ Слайд 15 European Central Bank policymakers agreed that the central bank should continue normalizing and tightening monetary policy to combat high inflation, even in the event of a shallow recession, the accounts of the central bank's October policy meeting showed. Officials noted that the inflation outlook continued to worsen, with inflation far too high and repeatedly above the projected figures, and that there was an increasing risk that it might become entrenched and that second-round effects and a wage-price spiral could emerge. Still, the central bank suggested that it might want to pause the ongoing interest rate hikes if there was a prolonged and deep recession, which would be likely to curb inflation to a larger extent. In October, the ECB raised its key interest rate by 75 bps (basic points), bringing borrowing costs to the highest since early 2009, and there was broad support for a meeting-by-meeting, data-dependent approach to taking future monetary policy decisions. Interest Rate in Euro Area is expected to be 2.50 percent by the end of this year. In the long-term, the Euro Area Interest Rate is projected to trend around 3.50 percent in 2023 and 2.75 percent in 2024. Слайд 16 In this slide you can see the statistics for other related indicators. The main changes are the decreasing money supply and foreign exchange reserves. The deposit interest rate and loans to private sector have increased, while loan growth has decreased. Слайд 17. As for corporate profits, I could only find the information for the following countries. *кратко описать* Corporate Tax Rate in European Union averaged 25.56 percent from 1996 until 2022, reaching an all time high of 35.20 percent in 1997 and a record low of 20.70 percent in 2021. It is expected to reach 21.30 percent by the end of 2022. In the long-term, the European Union Corporate Tax Rate is projected to trend around 21.30 percent in 2023. Слайд 18 Описать слайд Слайд 19 Описать слайд GDP per Capita PPP in European Union is expected to reach 43200.00 USD by the end of 2022. In the long-term, the European Union GDP Per Capita Ppp is projected to trend around 43700.00 USD in 2023 and 44500.00 USD in 2024. Слайд 20 Описать слайд Слайд 21 Описать слайд Слайд 22 Описать слайд Слайд 23 Описать слайд Слайд 24 Описать слайд Слайд 25 Описать слайд Слайд 26 Описать слайд Слайд 27 Описать слайд Слайд 28 We’ve already discussed exports and imports of EU by categories in the beginning of the presentation, so now we will concentrate on the statistics. Описать слайд Слайд 29 Описать слайд Слайд 30 Since we’ve already discussed CPI in the beginning of my presentation we will now study the producer price index (PPI) and the GDP deflator statistics. Описать слайд Слайд 31 Описать слайд Слайд 32 Описать слайд Слайд 33 Описать слайд Слайд 34 Описать слайд Слайд 35 Описать слайд Слайд 36 Описать слайд Слайд 37 Описать слайд