Your post should include a specific annual growth rate for the country you choos
ID: 1220196 • Letter: Y
Question
Your post should include a specific annual growth rate for the country you choose to report about.
In order to gain perspective of how well or not so well our economy is doing, let's research the latest growth rate figures for other countries.
Pick one country that interests you, one that has a very low or high growth rate, or an industrialized nation other than the U.S.
Find the latest growth rate data for the country you choose, post a comment (one to two paragraphs) about what you learned in your own economic vocabulary, and include a usable hyperlink to your Internet source for all of us to follow (no link, no credit).
Find the most recent information/data, 2013 or later.
Explanation / Answer
Lets choose a country, India. Indian economy is performing well both on the internal and external front with economic growth of 7.6% and inflation of 5-6%. The table below shows the data on the GDP growth rate (% y/y).
Data source: World bank (http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG) and IMF (http://www.imf.org/external/pubs/ft/weo/2016/update/01/)
India is expected to grow at 7.5% y/y due to lower food prices, high investors' confidence, good government initiatives and better policy reforms. In order to maintain this position it is required to control fiscal deficit and maintain high foreign reserves. Structural developments play a vital role in improving the manufacturing sector which strengthens the growth.
According to the IMF, “Growth in China and India has been broadly in line with projections, but trade growth has slowed down noticeably. The trade slowdown is related to the decline in investment growth across emerging market economies, which reflects rebalancing in China but also the sharp scaling down of investment in commodity exporters, particularly those facing difficult macroeconomic conditions."
For refrence you can use the following links:
http://www.ibef.org/economy/indian-economy-overview
https://economicoutlook.cmie.com/
http://www.livemint.com/Politics/DVPbsd4nDOWGSDaOhggvNO/India-bright-spot-in-IMF-global-economic-forecast.html
http://indiabudget.nic.in/es2015-16/echapvol1-01.pdf
2011 2012 2013 2014 2015 2016E 2017E India 6.6 5.1 6.9 7.3 7.3 7.5 7.5 China 9.5 7.8 7.7 7.3 6.9 6.3 6 US 1.6 2.3 2.2 2.4 2.5 2.6 2.6Related Questions
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