27 Jun YOU WILL WRITE AN ECONOMIC FORECAST FOR ONE YEAR FROM NOW FOR MAJOR GLOBAL ECONOMY.
You will write an economic forecast for one year from now for major global economy. Your forecast should include a history of the economy focusing on interest rates, price levels, unemployment rates, GDP growth rates, level of exports and imports, and other appropriate variables. You should also identify the current state of the economy with attention to the previous variables. Finally, you should offer three possible scenarios for the future state of the economy with attention to significant fiscal and monetary policies that will impact the future. Your paper should be 7-8 pages long, including a one-page bibliography containing your sources. You may also use graphs and charts, but you need to explain relevant information contained within your graphs and charts.
Here is a sample outline you could try to follow if you need more structure:
Introduction – A story, a statistic, a quote, or other attention catcher to set the framework for your forecast.
I. Description of the indicators that you will be using to forecast the economic future. These indicators could be some of the indicators discussed at the web site investopedia:http://www.investopedia.com/articles/economics/08/leading-economic-indicators.asp
II. Description of the present state of the economy focusing on all the measures of the economy that are important such as GDP, M2, inflation rates, unemployment rates, growth rates, exchange rates, trade balances, etc.
III. Your forecast for the future using the select indicators that you have selected to make your forecast.IV. Possible wild card events that could alter the outcome of your forecast.
Conclusion – Summing up the material covered and bringing attention to the likely future direction of the economy.
You could write your forecast paper in many ways, but I suspect a solid forecast will follow the strategy outlined above.
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