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Worldwide Credit Conditions
Fay Hansen
ECONOMIC GROWTH
GDP % change from previous quarter
Q4 01 Q1 02 Q2 02 Q3 02
U.S. 0.7 1.2 0.3 1.0
Canada -0.6 1.5 1.2 -
Mexico -0.3 0 1.6 1.8
EU 15 -0.2 0.4 0.4 0.4
Germany 0.3 0.3 0.2 0.3
UK 0.2 0.1 0.6 0.8
France -0.5 0.6 0.4 0.2
Japan -0.5 0.2 1.0 0,7
Sources: Eurostat (www.europa.eu.int): Instituto National
(www.inegi.gob.mx).
U.S. BANKRUPTCY RATES
Number of bankruptcy petitions filed in federal courts and % change from
previous quarter
Q2 01 400,394 (28.2%)
Q3 01 359,518 (-10.2%)
Q4 01 366,841 (2.0%)
Q1 02 379,012 (3.3%)
Q2 02 400,686 (5.7%)
Q3 02 401,306 (1.6%)
Source: Administrative Office of the U.S. Courts (www.uscourts.gov).
Note: Table made from line graph
U.S. Business Bankruptcies Year Ending Sept.
1998 47,125
1999 38,625
2000 36,065
2001 38,490
2002 39,091
Source: Administrative Office of the U.S. Courts (www.uscourts.gov)
Note: Table made from line graph
U.S. INFLATION
U.S. Consumer price index--urban % change
May June July Aug. Sep. Oct. Nov.
.0 .1 .1 .3 .2 .3 .1
Produce price index % change
-.2 .2 -.2 0 .1 1.1 -.4
Source: U.S. Bureau of Labor Statistics (www.bls.gov)
International Unemployment
October, 2002
U.S. 5.7%
Canada 7.0
Japan 5.6
France 8.8
Germany 8.5
UK 5.3
Source: US Bureau of Labor Statistics (www.bls.gov).
Note: Table made from bar graph
U.S. INTEREST RATES
Q4 02 Q1 03 * Q2 03 * Q3 03 *
Federal Funds 1.44 1.25 1.25 1.46
3 mo.T bill 1.34 1.24 1.26 1.53
6 mo.T bill 1.37 1.29 1.34 1.57
1 yr.T bill 1.56 1.57 1.64 1.81
2 yr.T note 1.96 2.20 2.35 2.47
10 yr.T note 4.06 4.67 4.83 4.73
Source: Federal Reserve (www.frb.gov.)
* Forecast by National City Corp. (www.nationalcity.com)
INTERNATIONAL INTERST RATES
Short-term rates
(3-mo. interbank rates or 3-mo.CDs or T bills)
7/02 8/02 9/02 10/02 11/02
U.S. 1.79 1.73 1.76 1.73 1.39
Canada 2.85 2.93 2.90 2.87 2.82
Mexico 7.88 7.07 7.82 8.23 7.83
Japan 0.04 0.03 0.03 0.03 0.05
Euro zone 3.41 3.35 3.31 3.26 -
UK 3.99 3.92 3.93 3.90 -
Long-term rates
(secondary market yields on long-term
bonds)
U.S. 5.32 4.97 ...
Source: HighBeam Research, Worldwide Credit Conditions.(Illustration)