Question
A short summary of a country's economic profile (the country of your choice) (based on below example, and information from https://unctadstat.unctad.org/countryprofile/GeneralProfile/en-GB/842/index.html You should include important
A short summary of a country's economic profile (the country of your choice) (based on below example, and information from https://unctadstat.unctad.org/countryprofile/GeneralProfile/en-GB/842/index.html
You should include important economic indicators in your summary (GDP, GDP growth, balance of trade, exchange rate, FDI, ...)
Example: 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 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 took much healthier.
In terms of jobs, the unemployment rate continues to be a problem, as it is stilt 16%. In order to stimulate the economy and attract foreign investment from abroad, the government is offering new tax incentives , as welt 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
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