The general election is one of the most important themes among major world economic events in 2012. According to preliminary statistics, there are more than 50 countries and regions holding the government's general election this year, accounting for about a quarter of the total number of countries and regions in the world, and more than 50% of the global GDP (purchasing power parity). In the context of high debt and sluggish growth, the economic policies will be accordingly adjusted after the elections of these countries, especially the United States, France, and Russia. The Obama Administration will continue to implement stimulus policies to promote economic growth over a short period, but in the long run it will gradually cut the government deficits through spending reduction and tax increase for the rich. French President Franois Hollande launched various domestic economic reform programs such as tax reforms, industrial restructuring, the strict supervision of the financial industries and the energy structures adjustment, and supported the Stability and Growth Pact as a complement to the Fiscal Compact for the European Union. The president of the Russian Federation Vladimir Putin selected development priorities and put forward a series of new measures to construct a comprehensive "new economy". These adjustments and changes will affect the prospects for economic development of the relevant countries and the whole world. German general election in 2013 will also be one of the important factors of the euro-zone economy and European integration.