Basic Economics: Article summary of GDP
Q?? Write an article summary of GDP??
Solution:
Introduction
It can be seen that the macroeconomic environment transacts with the macroeconomics, individual firms and markets operation and find out how several markets coordinate with government and everyone in the national, regional and global realms. It has been analyzed that the several economies suffer from high debt and slow growth. But in general, some measures have been procured by enhanced economies such as cuts in interest rate, maintenance of zero rates and liquidity injection are guiding to capital inflows to arising economies of the market and higher prices of the commodity. The macro environment of last two years 2009 & 2010 of US has been mentioned. After that the article has been taken from the Wall Street of Journal in order to analyze the GDP of Singapore economy. 
Macro Environment of United States of America
2009
It has been analyzed that the global crisis had the major consequence on the economy of US in year 2008 and the robust downward pattern continued in the first halve of year 2009. The crisis in the US was featured by private spending, rising unemployment and the destruction in the industrial output that was 10 % lower in year 2008. In second half of 2008, the environment became soothe and showed the signals of small recovery. This pattern was improved by the government of the US broad ranging economic agendas and the Federal Reserve intervention. The entire GDP in the United States declined entire by 2.5%. In the region of South America, the consequence of the global crisis was modest with the minimum reduction of 0.3%in GDP. The industrial production decreased by 5.5%. It has been analyzed that the betterment in economic condition is mainly due to economic agendas to increase local consumption and the raw material price is increasing once more. The global economy was deeply indulged in severe economic and financial crisis throughout the 2nd World War. The crisis had established the major threat to nation’s social and economic development. During the year between Sep 2008 & May 2009, the capitalization of banking sector in the Europe and US reduced by 60%. The crisis started in developed country that was leading the financial downturn, developing country was being affected through capital reversals, increasing cost of the borrowing, prices of the commodity and collapsed remittance flows (Prasad, 2006)
2010
It has been analyzed that the economy of US was recovered in 2010. The packages of economic recovery in addition to extensive economic policy increased a 2.9% in Gross Domestic Product. The industrial production became 5.4% up as compared to previous year. The rates of unemployment were still high and the market of property had shown no signals of improvement. The economic increase in region of South America was stronger than estimated in 2010. The GDP was increased by 6.2% and the industrial production was increased by 7.9%. The growth was owed mainly due to high prices of the material, financing conditions and recovery packages of the government (Prasad, 2006) 
Article Summary
The article has been taken from the Wall Street of journal and the article name is Singapore GDP Shrinks More Than Expected. The article focuses mainly on the GDP in fiscal year 2010 and 2011.
It has been analyzed from the article that the economy of the Singapore reduced more than estimated in the 2nd quarter as the disasters of the Japan disturbed supply chain manufacturers, but still several economists said that the slowdown was temporary and the overview for the entire year might still unchanged.
This diagram has highlighted the Singapore’s GDP quarterly on the basis of seasonally adjusted change.
As per the article the trade dependent of Singapore economy was affected by the disruption impacted by the 11March the Japan country tsunami and earthquake, the persisting debt problems in Europe and increased growth of the economy of US in the 1st half of year 2011.
The rebuilding efforts of Japan and the estimated enhancement in the economy of the United States in the upcoming months would help the Country Singapore to fulfill the growth prediction of 5 to 7% for year 2011. As per the article, the better news arrives from the point that the economy of Japan was recovering strongly with the supply chain break. The median prediction of economists collected and the information was announced that the economy of Singapore may grow by 6% in year 2011 after recording 14.5% growth in previous year, the highest in city pace of 45 years as the independent economy. It has been analyzed that according to the analysts the weakest data were unlikely worried the Singapore Monetary Authority that controlled monitory policy at each of the previous three annually review meetings. As per the article data of the second quarter showed that the output of manufacturing decreased by 5.5% as compared to last year quarter. The output of the service sector was increased by 3.3% on year, whereas the sector of construction increased by 1.6%. At last, the dollar of the Singapore gave up few of the gains after the releasing of the data with the quoted dollar at S$ 1.2181 as compared with the S$ 1.2156 previous in day (Raghuvanshi, 2011)
This article has been taken in order to highlight the GDP of the Singapore economy.
It has been analyzed that the GDP for the last 3 months ended 30 June 2011 reduced by 7.8% on the yearly and seasonally adjusted basis, in comparison with the upward revised 27.2% rise in the Ist quarter, as per the advance expectations given by the Trade and Industry Ministry. According to the article, in year 2011 as per the last year quarter the economy was expected to expand by 0.5%, slower than 1.1% rise inclined in the first quarter.
According to the economists, the information was announced that the Singapore economy may grow by 6% in year 2011 after recording of 14.5% growth in last year, the greatest pace of city 45 years as the independent economy (Singapore Business News, 2011)
It has been analyzed that the rebuilding efforts of Japan and the predicted improvement in the United State economy in the next months would assist the Singapore country to satisfy the estimated growth between 5 to 7% for the financial year 2011.
At last it can be said that the Singapore economy decreased more than expected in the 2nd quarter as the disasters of the Japan disrupted supply chain manufacturers, but after that several economists said that the downturn was temporary and the overview for the whole fiscal year might still unchanged.
Conclusion
This essay firstly indicates the macro environment of last two years of United States of America. In 2008, it can be analyzed that the global crisis had the major impact on the United State economy and the downward pattern continued in the 1st half of year 2009. It can be seen that the United State Economy was recovered in year 2010. The stimulus packages of economic recovery in summation to the economic policy showed the increase in GDP of 2.9%. After that, one article has been taken from the Wall Street of journal in order to know about the GDP of Singapore economy.
If you want Economics management Assignment Help study samples to help you write professional custom essay’s and essay writing help.
Receive assured help from our talented and expert writers! Did you buy assignment and assignment writing services from our experts in a very affordable price.
To get more information, please contact us or visit www.myassignmenthelp.Com
