Glossary

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G

G5
The five leading industrial countries, being US, Germany, Japan, France, UK.

G7
The seven leading industrial countries, being US, Germany, Japan, France, UK, Canada, Italy.

GDP - Gross Domestic Product
Total value of a country's output, income or expenditure produced within the country's physical borders.

Going long
The purchase of a stock, commodity, or currency for investment or speculation.

Going short
The selling of a currency or instrument not owned by the seller.

Gold Standard
The original system for supporting the value of currency issued. The was that where the price of gold is fixed against the currency it means that the increased supply of gold does not lower the price of gold but causes prices to increase.

GNP - Gross National Product
Gross domestic product plus income earned from investment or work abroad.