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What do you see as the main strengths and vulnerabilities of the economies above? Please keep your comments organized. You are encouraged to compare and
What do you see as the main strengths and vulnerabilities of the economies above? Please keep your comments organized. You are encouraged to compare and contrast different countries and to use information beyond that in the table above. It would be appreciated if the explanation is about fifteen lines.
Selection of key economies. IMF projections for 2022. Saudi Arabia South Africa Euro area Panama Nigeria Russia Japan U.S.A. China U.K. Macroeconomic variables Real GDP growth % 3.7 2.8 2.4 3.7 4.4 7.6 -8.5 7.5 1.9 3.4 Inflation 7.7 5.3 1.0 7.4 2.1 2.5 21.3 3.1 5.7 16.1 Unemployment rate 3.5 7.3 2.6 4.2 3.7 9.3 9.7 35.2 Fiscal revenues % of GDP 32.0 46.4 35.0 37.3 26.0 31.5 34.9 19.7 27.5 8.4 Fiscal expenditures 36.8 50.7 42.8 41.7 33.7 26.0 38.9 23.7 33.3 14.9 Fiscal balance -4.8 -4.3 -7.8 -4.3 -7.7 5.5 -4.0 -4.0 -5.8 -6.4 Gross public debt 126 95 263 88 78 24 17 56 70 37 Net public debt 96 79 172 76 9 41 67 37 Current account balance -3.5 1.8 2.4 -5.5 1.1 19.5 12.4 -4.1 1.3 -1.1 Memorandum Population million 333 125 68 1413 36 145 4 61 217 GDP per capita in US$ USS 76 39 50 14 29 13 16 7 2 GDP per capita at PPP USS PPP 76 49 55 21 55 30 36 15 6 Sources: IMF, World Economic Outlook, April 2022Step by Step Solution
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