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Dr.T. AASIF AHMED
DEPARTMENTOF ECONOMICS
MAZHARUL ULOOMCOLLEGE, AMBUR-635810
E-MAIL ID: taa@mucollege.ac.in
M. No: 9944029901
 Foreshadowed at the Cologne summit of
the G7 in June 1999;
 Formally established at the G7 Finance
Ministers' meeting on 26 September 1999 with
an inaugural meeting on 15–16 December 1999
in Berlin.
 Founded on 26th Sept 1999 in response to
several world economic crises.
 an intergovernmental forum comprising 19
countries and the EU.
 As of 2023, there are 20 members in the
group: Argentina, Australia, Brazil, Canada,
China, France, Germany, India, Indonesia, Ital
y, South Korea, Japan, Mexico, Russia, Saudi
Arabia, South Africa, Turkey, the United
Kingdom, the United States, and
the European Union.
 Australia (2014)
 Canada (2010-1)
 Saudi Arabia (2020)
 United States (2008)
 India (2023)
 Russia (2013)
 South Africa (2025)
 Turkey (2015)
 Argentina (2018)
 Brazil (2024)
 Mexico (2012)
 France (2011)
 Germany (2017)
 Italy (2021)
 United Kingdom (2009)
 China (2016)
 Indonesia (2022)
 Japan (2019)
 South Korea (2010-2)
Works to address major issues related to
the global economy, such as
 International financial stability
 Climate Change Mitigation
 Sustainable Development
 The 2021 summit was held in Italy.
 The 2022 summit is held in Bali, Indonesia.
 The 2023 summit to be held in India.
 The 2024 summit will be hosted by Brazil.
 An official consultation forum for youth
 Encourages youth as future leaders to raise
awareness of global issues, exchange ideas,
argue, negotiate, and reach consensus.
 largest planned mixed economy.
 GDP Growth –6.8% in 2022/6.1%
 Inflation- 6.52% (Jan 2023)
 Poverty – 3% extreme/ 83.83% $6.85/per day
 Unemployment -7.14% (Jan 2023)
 Public Debt-83.39% of GDP(2022)- Rs. 227.94
lakh crore
 HDI- 0.633 (Medium)
 Imports - $ 612.608 billion (FY 2021-22)
 Deforestation- 16 million ha of forest cover
lost between 1980-2000
 Argentina Monetary Crisis (From 2018)
Devaluation of the Argentine peso-
 Inflation 94.8% (2022)
 GDP Growth – 10.4% in 2021/ 2.3% (2023)
 Poverty – 43.8%
 Unemployment-6.9% (2022)
 Public Debt-102% of GDP
 GDP Growth – 4.9% in 2021/ 1.9% (2023)
 Inflation- 3.5% (2021)
 Poverty – 13.4% - 3.3 million people (2020)
 Unemployment -3.5% Dec 2022
 Public Debt-66.4% of GDP- Oct 2021
 Homelessness- 105237 (One in 200 Australians)
 Rich in Natural resources
 GDP Growth – 3.1% in 2022/ 1.2% (2023)
 Inflation- 5.27% (2022)
 Poverty – 4.1% (2022)
 Unemployment -8.3%
 Public Debt-76.8% of GDP
 Low level of investment & Atmospheric
pollution
 A country in North America
 GDP Growth – 4.3% (2021) 3.3% in 2022 /1.5%
 Inflation- 6.3% (Dec 2022)
 Poverty – 6.4% (2020) 2.4 million (2020)
 Unemployment -5.3% (March 2022)
 Public Debt-62.5% of GDP
 Mental Health Issues &Violence against
women -15% of all violent crimes
 Prostitution –Selling sex-the first trade
 GDP Growth – 8.4% (2021) 3% in 2022
 Inflation- 2.8% (2022)
 Poverty – 25% (2019) $ 6.85/per day
 Unemployment -5.3% (2022)
 Public Debt-76.9% of GDP
 Four D’s – Demand, Debt, Decoupling &
Demography
 Climate Change/ Losing Investors/ Carbon-
Based Energy Resources/ Aging Population
 Second largest Country in the EU after
Germany.
 GDP Growth –2.6% in 2022
 Inflation- 0.5%
 Poverty – 17.75% at risk of poverty
 Unemployment -7.2% (2022)
 Public Debt-98.1% of GDP
 HighTaxes-Low Income-Sluggish growth
 4th highest unemployment in EU
 largest Country in the EU.
 Rising cost of living- Budgetary surplus
 GDP Growth –2.6% in 2022
 Inflation- 0.5%
 Poverty – 17.75% at risk of poverty
 Unemployment -7.2% (2022)
 Public Debt-98.1% of GDP
 HighTaxes-Low Income-Sluggish growth
 4th highest unemployment in EU
 GDP Growth –2.6% in 2022
 Inflation- 5.28%
 Poverty – 2.5% extreme/ 60.20%
 Unemployment -6% (2022)
 Public Debt-37% of GDP
 GDP Growth –3.9% in 2022 /0-6% now
 Inflation- 5.3%
 Poverty – 20.1% at risk of poverty
 Unemployment -7.8% (2022)- 2.37 million
 Public Debt (-)161.8% of GDP
 GDP Growth –1.8% now
 Inflation- (-)0.1%
 Poverty – 5.5% (2020)
 Unemployment -3% (2020)
 Public Debt 263.9% of GDP
 Supply chain issues, Rising labor cost,
overwork death, aging population, decline in
Birth rate
 GDP Growth –3.1% in 2022 / 1.7% now
 Inflation- 8.7%
 Poverty –41.9%
 Unemployment -5.3% (2020)
 Public Debt-54.3% of GDP (2017)
 GDP Growth – (-)2.2% in 2022 / 0.3% now
 Inflation- 11.9% (Dec 2022)
 Poverty –12.1% (2020)
 Unemployment -3.7% (Nov 2022)
 Public Debt-24.175 trillion ^
 Largest in the middle east countries.
 18th largest in the world.
 GDP Growth – 3.2% (2021)/ 7.6% (2022)
 Inflation- 0.8%
 Unemployment -12%
 HDI- 0.875 (very high)
 Public Debt-17.2% of GDP (2017)/ 25.10% now
 GDP Growth – 4.9% in 2021 / 2.1% 2022
 Inflation- 4.% (2022)
 Poverty –57.1% (2020)
 Unemployment -36.989% (2022)
 Public Debt-53% of GDP
 Poorly located
 Food insecurity
 Highly developed mixed economy
 GDP Growth – 4.1% in 2021 / 2.6% in 2022
 Inflation- 0.5% (2020)
 Poverty –14.4% (2016)
 Unemployment -11.5% of youth unemployed
3.7% overall (Sept 2020)
 Public Debt- 39.8% of GDP
 Emerging market economy
 GDP Growth –11.4% in 2021
 Inflation- 57.68% (2023)
 Poverty –8.4% (2018)
 Unemployment -11.2% (2022)
 Public Debt-40% of GDP
 Earthquake Jan, 2020 -6.7 magnitude/ now 7.8
 Resulted in 35319 deaths
 GDP Growth – UK 7.5% in 2021
USA 2.1% (2022)
 Inflation- UK-10.1% (2022)
USA-6.4% (Jan 2023)
 Poverty - UK- 18.6% (2017)
USA- 11.6% 38 Million
 Unemployment UK- 3.7% (2022)
USA- 3.4% (Jan 2023)
 Public Debt- UK 97.4% USA 122.1%
G20 & Y20 Dr. T. AASIF AHMED 2023-Workshop-pptx
G20 & Y20 Dr. T. AASIF AHMED 2023-Workshop-pptx
G20 & Y20 Dr. T. AASIF AHMED 2023-Workshop-pptx

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G20 & Y20 Dr. T. AASIF AHMED 2023-Workshop-pptx

  • 1. Dr.T. AASIF AHMED DEPARTMENTOF ECONOMICS MAZHARUL ULOOMCOLLEGE, AMBUR-635810 E-MAIL ID: taa@mucollege.ac.in M. No: 9944029901
  • 2.  Foreshadowed at the Cologne summit of the G7 in June 1999;  Formally established at the G7 Finance Ministers' meeting on 26 September 1999 with an inaugural meeting on 15–16 December 1999 in Berlin.  Founded on 26th Sept 1999 in response to several world economic crises.
  • 3.  an intergovernmental forum comprising 19 countries and the EU.  As of 2023, there are 20 members in the group: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Ital y, South Korea, Japan, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States, and the European Union.
  • 4.
  • 5.
  • 6.  Australia (2014)  Canada (2010-1)  Saudi Arabia (2020)  United States (2008)  India (2023)  Russia (2013)  South Africa (2025)  Turkey (2015)  Argentina (2018)  Brazil (2024)  Mexico (2012)
  • 7.  France (2011)  Germany (2017)  Italy (2021)  United Kingdom (2009)  China (2016)  Indonesia (2022)  Japan (2019)  South Korea (2010-2)
  • 8.
  • 9. Works to address major issues related to the global economy, such as  International financial stability  Climate Change Mitigation  Sustainable Development
  • 10.  The 2021 summit was held in Italy.  The 2022 summit is held in Bali, Indonesia.  The 2023 summit to be held in India.  The 2024 summit will be hosted by Brazil.
  • 11.  An official consultation forum for youth  Encourages youth as future leaders to raise awareness of global issues, exchange ideas, argue, negotiate, and reach consensus.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.  largest planned mixed economy.  GDP Growth –6.8% in 2022/6.1%  Inflation- 6.52% (Jan 2023)  Poverty – 3% extreme/ 83.83% $6.85/per day  Unemployment -7.14% (Jan 2023)  Public Debt-83.39% of GDP(2022)- Rs. 227.94 lakh crore  HDI- 0.633 (Medium)  Imports - $ 612.608 billion (FY 2021-22)
  • 19.  Deforestation- 16 million ha of forest cover lost between 1980-2000  Argentina Monetary Crisis (From 2018) Devaluation of the Argentine peso-  Inflation 94.8% (2022)  GDP Growth – 10.4% in 2021/ 2.3% (2023)  Poverty – 43.8%  Unemployment-6.9% (2022)  Public Debt-102% of GDP
  • 20.  GDP Growth – 4.9% in 2021/ 1.9% (2023)  Inflation- 3.5% (2021)  Poverty – 13.4% - 3.3 million people (2020)  Unemployment -3.5% Dec 2022  Public Debt-66.4% of GDP- Oct 2021  Homelessness- 105237 (One in 200 Australians)
  • 21.
  • 22.  Rich in Natural resources  GDP Growth – 3.1% in 2022/ 1.2% (2023)  Inflation- 5.27% (2022)  Poverty – 4.1% (2022)  Unemployment -8.3%  Public Debt-76.8% of GDP  Low level of investment & Atmospheric pollution
  • 23.
  • 24.  A country in North America  GDP Growth – 4.3% (2021) 3.3% in 2022 /1.5%  Inflation- 6.3% (Dec 2022)  Poverty – 6.4% (2020) 2.4 million (2020)  Unemployment -5.3% (March 2022)  Public Debt-62.5% of GDP  Mental Health Issues &Violence against women -15% of all violent crimes  Prostitution –Selling sex-the first trade
  • 25.  GDP Growth – 8.4% (2021) 3% in 2022  Inflation- 2.8% (2022)  Poverty – 25% (2019) $ 6.85/per day  Unemployment -5.3% (2022)  Public Debt-76.9% of GDP  Four D’s – Demand, Debt, Decoupling & Demography  Climate Change/ Losing Investors/ Carbon- Based Energy Resources/ Aging Population
  • 26.  Second largest Country in the EU after Germany.  GDP Growth –2.6% in 2022  Inflation- 0.5%  Poverty – 17.75% at risk of poverty  Unemployment -7.2% (2022)  Public Debt-98.1% of GDP  HighTaxes-Low Income-Sluggish growth  4th highest unemployment in EU
  • 27.  largest Country in the EU.  Rising cost of living- Budgetary surplus  GDP Growth –2.6% in 2022  Inflation- 0.5%  Poverty – 17.75% at risk of poverty  Unemployment -7.2% (2022)  Public Debt-98.1% of GDP  HighTaxes-Low Income-Sluggish growth  4th highest unemployment in EU
  • 28.  GDP Growth –2.6% in 2022  Inflation- 5.28%  Poverty – 2.5% extreme/ 60.20%  Unemployment -6% (2022)  Public Debt-37% of GDP
  • 29.  GDP Growth –3.9% in 2022 /0-6% now  Inflation- 5.3%  Poverty – 20.1% at risk of poverty  Unemployment -7.8% (2022)- 2.37 million  Public Debt (-)161.8% of GDP
  • 30.  GDP Growth –1.8% now  Inflation- (-)0.1%  Poverty – 5.5% (2020)  Unemployment -3% (2020)  Public Debt 263.9% of GDP  Supply chain issues, Rising labor cost, overwork death, aging population, decline in Birth rate
  • 31.  GDP Growth –3.1% in 2022 / 1.7% now  Inflation- 8.7%  Poverty –41.9%  Unemployment -5.3% (2020)  Public Debt-54.3% of GDP (2017)
  • 32.  GDP Growth – (-)2.2% in 2022 / 0.3% now  Inflation- 11.9% (Dec 2022)  Poverty –12.1% (2020)  Unemployment -3.7% (Nov 2022)  Public Debt-24.175 trillion ^
  • 33.  Largest in the middle east countries.  18th largest in the world.  GDP Growth – 3.2% (2021)/ 7.6% (2022)  Inflation- 0.8%  Unemployment -12%  HDI- 0.875 (very high)  Public Debt-17.2% of GDP (2017)/ 25.10% now
  • 34.  GDP Growth – 4.9% in 2021 / 2.1% 2022  Inflation- 4.% (2022)  Poverty –57.1% (2020)  Unemployment -36.989% (2022)  Public Debt-53% of GDP  Poorly located  Food insecurity
  • 35.  Highly developed mixed economy  GDP Growth – 4.1% in 2021 / 2.6% in 2022  Inflation- 0.5% (2020)  Poverty –14.4% (2016)  Unemployment -11.5% of youth unemployed 3.7% overall (Sept 2020)  Public Debt- 39.8% of GDP
  • 36.  Emerging market economy  GDP Growth –11.4% in 2021  Inflation- 57.68% (2023)  Poverty –8.4% (2018)  Unemployment -11.2% (2022)  Public Debt-40% of GDP  Earthquake Jan, 2020 -6.7 magnitude/ now 7.8  Resulted in 35319 deaths
  • 37.  GDP Growth – UK 7.5% in 2021 USA 2.1% (2022)  Inflation- UK-10.1% (2022) USA-6.4% (Jan 2023)  Poverty - UK- 18.6% (2017) USA- 11.6% 38 Million  Unemployment UK- 3.7% (2022) USA- 3.4% (Jan 2023)  Public Debt- UK 97.4% USA 122.1%

Editor's Notes

  1. Canadian finance minister Paul Martin was chosen as the first chairman and German finance minister Hans Eichel hosted the inaugural meeting.
  2. member nation gets to chair the G20 leaders' meeting for a given year, all members, except the European Union, are assigned to one of five different groupings