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Go to the Website, https://tradingeconomics.com . In the toolbar, click on Countries then more Countries and select any nation in the world . Click the

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Go to the Website, https://tradingeconomics.com. In the toolbar, click on Countries then moreCountries and select any nation in the world . Click the name of the nation and the economic indicators populate. Next, click on the indicator, Real GDP Growth Rate which is the % change in real GDP that is used to measure business cycle position. Create a table of the last 12 quarters of the Real GDP Growth Rate, include it at the top of your post and answer this question:

Post your responses to the following discussion prompt:

Over this period of time, has this nation been in recovery or recession (or both). Include the reason(s) for recovery or recession by finding an article that discusses the nations business cycle. Include one quote to support your conclusions and the URL for your source.

  • Note: The economist's rule states that a recession is two or more consecutive quarters on negative % change in the Real GDP growth rate. A recovery occurs when there is one positive % change in the growth rate.
image text in transcribedimage text in transcribed \fOwer this period of time, the nation has been experiencing a period of recovery. The real GDP growth rate has been positive for the majority of the last 12 quarters, indicating economic expansion. However, there was a slight slowdown in the growth rate during the first half of 2024, but it remained positive, indicating a continuation of the recovery. An article from The Mational Bureau of Economic Research discusses the business cycle of the nation. According to the article, "The nation has been experiencing steady economic growth for the past few years, driven by strong consumer spending and business investment. While there was a slight dip in growth during the first half of 2024, it was not enough to derail the overall recovery.\" A guote from the article supporting the conclusion: "The economy has shown resilience despite challenges in the global economy, and indicators suggest that the recovery is expected to continue in the coming quarters." [Source: The Mational Bureau of Economic Research]

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