Main Economic Forecasts
The main economic forecasts used to understand the general outlook of the economy included the Congressional Budget Office (CBO) forecast, the Administrations Forecast, the Blue Chip consensus forecasts and the Mortgage Bankers Association (MBA) forecast. Not all forecasts contained the required indicators for the chosen indicators: employment growth, interest rates, housing starts, and business investment. For this reason, the analysis focused on a combination of the forecasts to understand the relationships among the indicators. Gleaning the economic forecasts led to a general understanding of the economy. Conducting further research on the economic forecasts led to a richer understanding of the selected indicators.
The focuses of the economic forecasts were real gross domestic product (GDP) and unemployment. The selected forecasts discussed real GDP and unemployment in depth to give the reader a general understanding of how the economy might respond in the next two years. According to the MBA, real GDP will drop in 2005 in comparison with 2004 and continue to decrease in 2006. In 2007, real GDP will increase slightly in comparison to the previous year. The MBA states the percent change in annual rates will be 4.4 in 2004, 3.8 in 2005, 3.3 in 2006 and 3.5 in 2007. According to CBO, real GDP will decrease in 2005 compared to 2004; GDP will decrease further in 2006 and continue to decrease during the 2007 through 2010. The CBO states the percentage change of real GDP was 4.4 in 2004, will be 3.8 in 2005, 3.7 in 2006 and 3.3 on average for the years 2007-2010. The Blue Chip consensus believes real GDP will decrease in 2005 compared to 2004, and continue to descend for the next two years, 2006 and 2007. Blue Chip consensus states real GDP for 2004 as 4.4, 2005 will be 3.7, 3.4 in 2006 and 3.5 in 2007. The President’s administration believes real GDP will decrease in 2005 compared to 2004 and will continue to decrease in the next two years as well. According to the President’s administration, real GDP for 2004 was 4.4; and will be 3.7 for 2005, 3.7 for 2006 and 3.5 for 2007. The MBA believes the unemployment rate will decrease from 5.5 in 2004 to 5.2 in 2005 and continue to descend to 5.1 in 2006 and 2007. The CBO believes that unemployment will decrease from 5.5 in 2004 to 5.2 in 2005 and remain at 5.2 through 2010. Blue C...
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Just as the great depression, a booming economy had been experienced before the global financial crisis. The economy was growing at a faster rtae bwteen 2001 and 2007 than in any other period in the last 30 years (wade 2008 p23). An vast amount of subprime mortgages were the backbone to the financial collapse, among several other underlying issues. As with the great depression, there would be a number of factors that caused such a devastating economic
First, Donna is a leader with energy and determination. Lussier and Achua state that leaders with energy and determination “have high energy with a positive drive to work hard to achieve goals.” (p. 37) This is true for Donna. In the video, the zoo employees mentioned several times that their leader is a hard worker who is not afraid to get her hands dirty. Upon her arrival, the CEO did not hesitate to immerse herself at the lowest level of zoo operations. Donna also trained as a zookeeper in order to learn the frustrations of her employees. Alongside her employees, Donna got her hands dirty in the trenches, which some may consider non-CEO type work. Donna proved that she had the energy to do the hard work and that she possessed the determination to identify the employee’s issues so she could solve them.
"Rhode Island Housing: Working Together to Bring You Home." Rhode Island Housing: State Consolidated Plan. Rhode Island Housing, n.d. Web. 08 May 2014. . (Chapter 5: Housing Market Analysis)
This paper aims to discuss the Short-Term and Long-Term Impacts of the Great Recession and
Finally, I will do a financial forecast in order to figure out firms’ ability to repay its loans. I will use simple percentages-of-sales forecasting technique. I will use existing trends in my forecast to show the implications of current policies before making my own recommendations. During my forecast I will use New Era Partners loan to find out the interest rates. I will make the short-term debt as my plug.
These conditions have the ability to cause recession. Now that an armistice has been reached in Korea, a recession is beginning to occur (Pach and Richardson, 54). I believe that the President’s chief concern should not be to make an immediate and fast acting restoration of the general economy. The problems of the federal deficit and the recession must wait until the more important problems are dealt with. The problem at hand is the rising rate of unemployment.
Over the centuries, the media has played a significant role in the shaping of societies across the globe. This is especially true of developed nations where media access is readily available to the average citizen. The media has contributed to the creation of ideologies and ideals within a society. The media has such an effect on social life, that a simple as a news story has the power to shake a nation. Because of this, governments around the world have made it their duty to be active in the regulation and control of media access in their countries. The media however, has quickly become dominated by major mega companies who own numerous television, radio and movie companies both nationally and internationally. The aim of these companies is to generate revenue and in order to do this they create and air shows that cater to popular demand. In doing so, they sometimes compromise on the quality of their content. This is where public broadcasters come into perspective.
In conclusion, the current macroeconomic situation in the United States is characterized by moderate growth because of better economic conditions that were brought by the events of 2013. The country has experienced moderate economic growth since the 2008 global recession but has shown real signs of momentum. While the country is not concerned about recession or inflation, the rate of unemployment is still a major challenge despite improved consumer and business confidence. As a result, the Federal Open Market Committee or Federal Reserve System needs to adopt fiscal and monetary policy initiatives that help address the unemployment issue and promote high economic growth.
Every few years, countries experience an economic decline which is commonly referred to as a recession. In recent years the U.S. has been faced with overcoming the most devastating global economic hardships since the Great Depression. This period “a period of declining GDP, accompanied by lower real income and higher unemployment” has been referred to as the Great Recession (McConnell, 2012 p.G-30). This paper will cover the issues which led to the recession, discuss the strategies taken by the Government and Federal Reserve to alleviate the crisis, and look at the future outlook of the U.S. economy. By examining the nation’s economic struggles during this time period (2007-2009), it will conclude that the current macroeconomic situation deals with unemployment, which is a direct result of the recession.
Through an abundance of human thoughts and interactions, Woolf has created a meticulous juxtaposition of Septimus against society or human nature in order to emphasize the self-absorption and desire for conformity of London society. Londoners’ understanding of the War and its fatalities is often specifically and immediately related back to themselves, used for entertainment or to ease their own fears of death. Their “treatment” of war-related illness is unfailingly for the benefit of England’s successful, if gilded, image at large. Woolf has, therefore, illustrated England’s proud display of personal advantage for all who conform to Sir William’s “sense of proportion” by exposing the hardships that befall those who do not.
"Real Estate Industry Career Outlook, 2014: More Jobs on the Horizon?" US Housing News RSS. N.p., n.d. Web. 20 May 2014.
Macroeconomic Forecast Pfizer, Inc. - Pfizer, Abstract This paper is a Macroeconomic Forecast Outline of Pfizer, Inc. This outline will identify the main economic indicators for Pfizer as a business entity and as a representative of the pharmaceutical industry. This paper will identify sources of various data collected based on economic activity and relationships between different economic indicators.
Thank you for smoking, it’s what big companies like Marlboro and Camel want to let us know, and keep smoking. Tobacco has been around for thousand of years, but today’s cigarettes contain many harmful and poisonous toxins. Yet, its simple: Tobacco smoking kills, reduces economic productivity, and strengthens poverty. But lets be frank, everyone’s aware of these issues already, everyone’s out to get cigarette companies; however, there’s a bigger problem. What happens when cigarette companies target today’s children?
Eighty percent of smokers began smoking before they turned eighteen (Statistic Brain-Underage Smoking Statistic). Smoking is the leading cause of lung cancer in America. Adolescents are smoking cigarettes and other tobacco products more each day. Young people aren’t aware of the effects that smoking has on their body, some know the effects and still smoke to look “cool” or “popular”. The truth is that they are just slowly killing themselves. “Smoking kills. If you’re killed, you’ve lost a very important part of your life” (Shields).
Throughout Virginia Woolf’s novel, Mrs. Dalloway, the reader encountered many different people living in post-WWI London. These characters that Woolf created have different backgrounds, points of view, concerns, and mental states. Through these variances she clearly showed the many intricacies of life in the city. One of the most intriguing of all the characters she crafted is Septimus Warren Smith. Through intertwining story lines, from all the different points of view including his own, it becomes obvious that Septimus was very unique. The relationship between him and the rest of the city had an interesting dynamic as well. Septimus was wrought with the overwhelming feeling of isolation because of the other character’s lack of understanding