the threat of deflation is still far away

according to the German Federal Statistics Office data released Friday, a seasonally adjusted rate of change of GDP in Germany after a negative 3.8 percent in the fourth quarter of negative growth of 2.2% on the basis of further deterioration. Since 1970,polo ralph lauren homme, this figure is statistically the worst record since. At this point, the German economy has been four consecutive quarters of negative growth, the longest ever hit recession cycle. In response to this most severe since World War II economic crisis, the German government has announced a total of $ 112 billion economic stimulus plan. In addition to Germany, the other major European economies are also facing economic recession. According to the French National Statistics and Economic Studies No. 15,moncler femme, published data in the first quarter, a substantial deterioration of the data the French economy, gross domestic product last year's fourth quarter fell sharply by 1.2%. In general, if two consecutive quarters of negative economic growth is declining. Under this standard, the French economy in the fourth quarter and the first quarter of this year, after shrinking a row has been officially in recession.
addition, since the global financial crisis curbed exports and a substantial investment demand, the two major economies of Europe's GDP in Germany and France a quarter of a significant decline.



15 U.S. Department of Labor said that the U.S. April consumer price index CPI increase from a year earlier decline, decline in energy and food prices led to emergence of 54-year maximum CPI year on year decline.
decline not only in Germany and France, according to Eurostat, 15, announced first quarter economic growth data in the first quarter euro-zone economy fell significantly , the deepening recession.


U.S. Department of Labor announced yesterday,chaussure louboutin, the Consumer Price Index CPI in April and March were flat, and Economists had expected the same. Month, consumer prices fell 0.7 percent from a year earlier, in 1955 the largest decline since June. However, from the April data, the threat of deflation is still far away, mainly because of lower prices or in energy and energy related fields. Friday's report, energy prices in April fell 2.4% in March compared with a year earlier, down 25.2%; April, gasoline prices fell 2.8%; Food prices fell 0.2%. Transportation prices also fell, down 0.4%. U.S. Department of Labor said in a separate report, adjusted for inflation, as consumer prices were flat while the average hourly wage rose 0.1 percent,moncler pas cher, real weekly earnings in April rose 0.1% since April 2008 has risen 2.6% .
first quarter euro-zone economy declined significantly
the first quarter of this year, the fourth quarter of last year the euro zone economy shrunk by 2.5%. This year the United States suffered more than 1.6% of the recession, which euro zone since its inception in 1999 the largest quarterly decline. At this point, the euro area economy has four consecutive quarters of negative growth. The data also show that the reduction in exports and investment in the first quarter euro-zone economy declined 4.6 percent over last year.

Eurostat also announced a revised euro-zone inflation in April was 0.6%,doudoune moncler pas cher, and 3 were unchanged, the euro zone inflation rate continued to remain low in recent months, which led to external concerns. However, the ECB Governing Council member Noel Ward No. 15, Nowotny said the ECB's current monetary policy has taken into account the expected decline in the euro area economy accelerated, € 60 billion asset-backed securities purchase program, either in time or scale is appropriate.

Germany a quarter of GDP decline in 40 years hit a new high
相关的主题文章：


[dialogue itself]

White House National Economic Council

In addition


Having worked overseas nearly 30 years, Chinese-born painter Jia Lu has made unique contributions in helping Western audiences understand more about the East through her canvases.
She was recently short-listed in the “Ten Most-focused Chinese in the World" by none other than the Global Times. The reason? “Her paintings fuse Chinese and Western elements, showing a modern China with beautiful colors," according to the panel.
“I have a deep sense that my mission to help the rest of the world understand China is not only an artistic goal but a personal responsibility," Lu says, when asked how she felt. “This award reminds me of the importance of that obligation."
Her father, Lu Enyi, was a famous painter who taught her to paint when she was very young. Like many painters of the time, she learned Chinese ink painting first, and was taught by master painter Fan Zeng.
But like many artists who traveled abroad in the 1980s, Lu felt lost in the collision of cultures, and turned to different ways of appreciating art.
When she left China for Canada in 1983, she quickly discovered that, for her new friends, without an understanding of Chinese culture and history, her art was “simply too alien to understand."
“In Chinese painting, we value the traditions passed from one generation to the next; for Westerners, true art is about originality and individual expression," Lu told the Global Times. “Ink painting explores the expressiveness of black ink and the bamboo brush; but to a Westerner, who has never held a brush before and is used to the color and richness of oil painting, my art seemed dull and lifeless."
Although her paintings sold well in the overseas Chinese community, to reach a larger audience, communicating essential concepts of traditional Asian culture to a Western audience was key.
Her solution? Borrow the techniques and expressive power of oil painting, with its illusionistic perspective and realism, and substitute Asian content. The method is known as “Jiechuan Chuhai", or “Crossing the sea in a borrowed boat."
“We have a unique, complex and rich culture. But we share [that] among ourselves, using a difficult written and spoken language, raising a high wall that excludes the rest of the world." Lu says. “By borrowing Western art history to communicate Eastern ideas, I have been able to tear down a small section of that wall."
Having grown up in a Confucian society that emphasized personal sacrifice, selflessness and hard work, Lu discovered her Western friends appreciated these values much more than their wealth and luxury.
Her painting was infused with Buddhism, an Eastern spirituality cherished by many Westerners.
Having first visited Dunhuang in 1980, spending several weeks copying its Buddhist art – some of the rarest early examples of Chinese figurative art – directly from the cave walls, Lu studied figure painting.
But it was not until she worked in Japan in the early 1990s that she began to explore their significance, finding their ideas represented what was most enduring and special about Chinese culture: compassion, mindfulness, a deep respect for learning and wisdom and a belief in the perfectibility of the human state.
Lu began to show her works in China: at the Shanghai International Art Fair, Art Beijing and CIGE expos, and found how “vibrant the Chinese art market had become in the so-many-years I’d been away, and how open it was to new ideas."
“I am both humbled and inspired that my work has been recognized in this way by the Global Times. It is an honor to be included among the other outstanding artists whom I have admired for so long," says Lu.
“But in the end, I think it is not important if I live or work in China or in the West, The important thing is to continue to paint for a global audience, to improve my own art as far as I am able, and to strive to be a better person."