very low. Economic Environment: This refers what is happening within the economy, for example; economic growth/ decline, interest rates, demand, exchange rates and inflation rate, wage rates, minimum wage, working hours, unemployment (local and national), credit availability, cost of living, etc. In UK, before one and half year their economy was very strong. But at this time their economic condition is not good, because of financial
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Assignment Template for Individual Assignments Subject Code: ECON10003 | Subject Name: Introductory Macroeconomics | Student ID Number: 642782 | Student Name: Jesslyn Ethelind Ng | Assignment Name or Number: 1 | Question 1 a). For the March 2013 to March 2014 period, Australia experienced a decrease on its GDP growth from 3.1% to 2.7%, whereas United States, experience a significant GDP growth from 1.6% to 3.1%. For the December 2013 to March 2014 period, Australia experienced an increase
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Indonesia Country Report Q1 2012 POLITICAL AND SOCIAL BACKGROUND Indonesia has excellent prospects for long term growth, based on macroeconomic stability, supported by strong domestic consumption and stable political conditions. President Susilo Bambang Yudhoyono’s reputation remains high in international circles, boosted by the country’s focus on re-establishing its leadership role within ASEAN and as the incoming Chair of APEC 2013. The country has a demonstrated desire to take on a global
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leads to increased financial distress (Shleifer 2011). In this way, fire sales can depreciate asset prices and decrease economy-wide liquidity to the point of having a significant negative effect on an economy. Macroeconomic Effects The literature discussing the negative macroeconomic effects of fire sales is numerous. Many of these papers quote negative impacts to be
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Switzerland prior to the recent financial crisis. We follow Coelli et al. (1999)’s methodology to adjust the estimated cost and profit efficiency scores for environmental influences including key banks’ risks, bank- and industry specific factors and macroeconomic conditions. Our evidence suggests that failing to account for environmental factors can considerably bias the efficiency scores for investment banks. Specifically, bank-risk taking factors (including liquidity and capital risk exposures) are found
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GROSS DOMESTIC PRODUCT 1 What is Gross Domestic Product? Jesse Leslie Argosy University Macroeconomics George Williams 07/ 26/2014 GROSS DOMESTIC PRODUCT 2 Current-Dollar
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The problem to be investigated is how unethical loan practices can result in the macroeconomic crippling of a nation. This paper will discuss the driving forces of unethical lending, contributing factors that foster such behavior, and the destructive results that follow. It would be an injustice to attribute the subprime mortgage financial crisis to only one factor, as there were several key elements that factored into the fall. It would be safe to say, however, that greed was factor that contributed
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over 25%, close to double the highest unemployment rate of middle income economies which is Poland (13.8%) and much higher than many of its Latin American comparators such as Chile, Mexico and Argentina (ILO, 2008). Also noteworthy is that these unemployment rates differ greatly by age: the unemployment rate of African youth (15-34 years) stood at 52.7% in 2010 (Dimant et al., 2010). South Africa also registered an increase of income inequality as the Gini coefficient rose from 0.57 in 1992 to 0.70
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After floods, mudslides and powerful winds, victims of typhoon “Pablo” must now endure longer term suffering from the loss of their livelihood sources. The super typhoon devastated at least 14,000 hectares of farms planted mostly to bananas, the major export crop of Compostela Valley. Export of thousands of tons of Cavendish bananas to the United States has been suspended because of the crop loss. The destruction comes on the heels of a ban imposed by China earlier this year on Philippine banana
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IDB WORKING PAPER SERIES No. IDB-WP-211 Macroeconomic Effects of China’s Fiscal Stimulus Pietro Cova Massimiliano Pisani Alessandro Rebucci September 2010 Inter-American Development Bank Department of Research and Chief Economist Macroeconomic Effects of China’s Fiscal Stimulus Pietro Cova* Massimiliano Pisani* Alessandro Rebucci** * Bank of Italy ** Inter-American Development Bank Inter-American Development Bank 2010 Cataloging-in-Publication data provided by the Inter-American
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