With Gross Domestic Product (GDP) of five digits in billions, the US and Euro zone are actually solely controlling the entire global economy, no matter whether in terms of trade (export/import) or other economic perspectives. In the year 2011, the GDP of these large economies, i.e., US and Euro zone, stood at $ 15,076 billion and $ 13,114 billion respectively. China as a third largest economy had a GDP of $ 7298 billion for the same accounting period. These economies, with their comparative advantage over resource endowments and factor of production have been strictly controlling the world economic outlook and forcing entire world to solely rely over these economic powers. Despite technological advancement and strong bio-medical base, Japan and Germany are believed to be 4^th and 5^th large economies respectively, i.e., in terms of their GDP.

Currently, with Purchasing Managers’ Index of 50.6, China is exhibiting expansion of manufacturing/industrial sector, eventually supporting domestic economic outlook and export indeed. With optimistic outlook and improving economy, China has succeeded to attain GDP growth rate of 7.4 percent year-on-year, a highest growth rate in the entire global economy. Despite average economic performance for the entire year with lots of polarization in economic data, especially in housing and consumerism, US hardly has achieved GDP growth rate of a meager 2 percent. Though at lower end, where China and especially the US are exhibiting positive growth rates, on the contrary, with continued recession and ongoing austerity measures, Euro zone’s year-on-year GDP growth rate is negative 0.6 percent, a clear indication of recession.

Euro zone, having inflation rate of 2.20 percent, is believed to continue with its current state of the economy until and unless the Euro zone finance ministers and most importantly, European Central Bank (ECB) comes up with survival strategy or policies to revive the single currency zone. With jobless rate of 11.7 percent, higher than in US and China with rates of 7.9 percent and 4.1 percent, this point of economic timeline for Euro zone is believed to be really challenging for leaders from the zone to reverse the back-gear and head toward optimism, ultimately contributing towards positive ‘Global Purchasing Managers’ Index.’