Try to complete this economic profile without looking back at the terms
in Exercise A.
The economy is stable following the problems of the past two years. By following a tight monetary policy, the government has reduced the inflation rate to 2%. For borrowers, after going up dramatically, the inflation rate is now down to 8%. The last six months have seen a slight improvement in the exchange гate against the dollar.
For the country as a whole, the GDP has grown by 0.15%. Exports are increasing,
and the balance of trade is starting to look much healthier.
In terms of jobs, the unemployment rate continues to be a problem, as it is still 16%. In order to stimulate the economy and attract foreign investment from abroad, the government is offering new tax incentives as well as making a renewed effort to reduce government bureaucracy and red tape. Finally, a large skilled labour force means there could be attractive investment opportunities over the next five years.
Answers & Comments
Try to complete this economic profile without looking back at the terms
in Exercise A.
The economy is stable following the problems of the past two years. By following a tight monetary policy, the government has reduced the inflation rate to 2%. For borrowers, after going up dramatically, the inflation rate is now down to 8%. The last six months have seen a slight improvement in the exchange гate against the dollar.
For the country as a whole, the GDP has grown by 0.15%. Exports are increasing,
and the balance of trade is starting to look much healthier.
In terms of jobs, the unemployment rate continues to be a problem, as it is still 16%. In order to stimulate the economy and attract foreign investment from abroad, the government is offering new tax incentives as well as making a renewed effort to reduce government bureaucracy and red tape. Finally, a large skilled labour force means there could be attractive investment opportunities over the next five years.