Friday, October 4, 2019
Economic events occur around us every day Assignment
Economic events occur around us every day - Assignment Example it can be ascertained that slow GDP growth rate of a country and sluggish investment decisions have accorded significant attention of many economists. Despite the availability of adequate monetary resources, many industries are unwilling to make significant investments due to the fear of recovery constantly imposed by prevailing economic uncertainties. The paper would be mainly divided into two parts, the first part would include headings consisting of ââ¬Å"economic problems facedâ⬠which would mainly describe what are the problems, causes of the problem and what are their impacts on the society, politics and how could these issues be resolved. The second part would mainly be focused on ââ¬Å"government policiesâ⬠along with evaluating the current demand and supply side and the ways in which they can be brought into effectiveness. Correspondingly, this paper in the light of the selected article ââ¬Å"Uncertainty Is the Enemy of Recoveryâ⬠intends to identify the various economic problems encountered by the different countries particularly the US economy and further determines to ascertain the consequences of economic downturn and responses from government to resolve these problems effectively. According to the article, ââ¬Å"Uncertainty Is the Enemy of Recoveryâ⬠by Mcnabb, it is apparent that the problems of economic uncertainties have given rise to recovery related economic challenges to most of the countries encountered with economic downturn. The fluctuating GDP and the uncertainties in the various policies initiated by the government have largely affected the general public and big business organizations as well. Accordingly, many organizations in spite of ample financial resources are largely hesitating in increasing their level of services or creating new job opportunities. The spending on goods by the general public has also reduced significantly owing to the decrease in their disposable income (Leone, 2010). Lately, the ambiguity in the monetary strategy
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