2015 Event Stock markets around the world fall after China reports a low value for its purchasing managers' index, suggesting that the nation's economy is slowing; in the U.S., the Dow Jones Industrial Average drops by 470 points 2015 Event AT&T will be replaced with Apple Inc. on the Dow Jones Industrial Average (DJIA), reflecting shifts in the U.S. economy between telecommunications and technology; AT&T had been part of the DJIA for over 100 years 2015 Event The European Central Bank will initiate a quantitative easing program that will involve printing euros in order to purchase government-issued debt instruments; the program will enhance existing measures to improve the economy within the eurozone 2014 Event Japan passes a $29 million fiscal stimulus package to improve the economy; the funds will be allocated to supporting small businesses, stimulating local economic activity, and strengthening areas damaged by destructive natural forces 2014 Event While the world economy is growing, forecasts have been reduced due to weak global investment spending and risks to U.S. growth stemming from potential Federal Reserve attempts to end stimulus efforts 2014 Event Former British Prime Minister Tony Blair has accepted a role as economic advisor to Egyptian President Abdel Fattah el-Sisi in order to help Egypt reform its economy and develop new business opportunities 2014 Event The markets show confidence in the U.S. economy as the stock market rises and the yield gap increases between two-year and 30-year Treasuries 2014 Event The World Bank reports that India is now the third-largest economy behind the U.S. and China on the basis of purchasing power parity; India replaces Japan, though Japan remains in third place when GDPs are compared on an exchange-rated basis 2014 Event Nigeria rebases its GDP calculations, making its economy the largest in Africa on a total GDP basis; however, South Africa leads on a GDP per capita basis 2014 Event Indian automaker Mahindra & Mahindra will begin selling the e2o, an electric car, in Bhutan for about $11,300; vehicle exhaust is causing air pollution problems in Bhutan that threaten the country's tourist-dependent economy 2014 Event A report on the U.S. economy shows 113,000 jobs were added in January, well below the expected 180,000 new jobs 2013 Event Concerned over weakening growth in the economy, the U.S. Federal Reserve announces plans to continue its stimulus program, which injects $85 billion a month into the the U.S. economy 2013 Event Only 162,000 jobs were added to the U.S. economy in July, falling short of expert predictions of an increase of 175,000 - 185,000 new jobs 2012 Event The 2012 Summer Olympics is credited with helping the UK economy emerge from recession; official GDP figures show 1 percent growth from July to September 2012 Event During the first three months of 2012, revised figures show that the U.K. economy shrunk by 0.3% 2011 Event Brazil overtakes the United Kingdom as the world's sixth largest economy 2011 Event The Bank of England pumps an additional 75 billion pounds into the British economy via quantitative easing 2011 Event Australia's economy achieves 1.2% second quarter growth after floods initially let to a .9% contraction in the second quarter 2011 Event Concerns about the European economy are heightened as Germany reports second quarter growth of only 0.1% 2011 Event Japan's economy officially enters a recession, partially due to financial strain caused by the Tohoku earthquake and tsunami 2010 Event Raul Castro, head of the Cuban government, declares they will lay off half a million state workers to improve their economy by the middle of 2011 2010 Event The German economy reports 2.2 percent quarterly growth, the fastest quarterly growth in over 20 years 2010 Event A European Union summit discusses the possibility of bailing out Greece's economy 1996 Death Kurt Schmucker, German RFA minister of Economy (1963-66), dies 1994 Death George Gennimatas, Greek minister of National Economy, dies at 55 1987 Event Nobel prize for economy awarded to Robert M. Solow 1983 Event Nobel prize for economy awarded to Gerard Debreu 1982 Event Nobel prize for economy awarded to George Stigler 1980 Event Nobel prize for economy awarded to Lawrence R Klein 1978 Event Nobel prize for economy awarded to Herbert A Simon 1976 Event Nobel prize for economy awarded to Milton Friedman 1973 Event Nobel prize for economy awarded to Wassily Leontief 1972 Event Nobel prize for economy awarded to Kenneth J Arrow and John R Hicks 1969 Event Nobel prize for economy awarded to John Tinbergen 1961 Event Soviet premier Khrushchev predicts U.S.S.R. economy will surpass U.S. 1933 Event Financial and Economy World conference opens, 66 countries 1913 Birthday Willem C L "Wim" van der Grinten, Dutch lawyer/undersec of Economy 1895 Birthday Ragnar Frisch, Norway, economist, won 1st Nobel prize in economy in 1969 1886 Birthday Gustaaf Sap, Belgian minister of Finance/Economy 1793 Birthday Henry Charles Carey, Philadelphia, economist, Principles of Poli Economy
