Write an individual memo of 500 words (excluding the reference list) for this topic paragraph to report it to CEO that summarises the above-mentioned topic in order to brief your manager on the current Australian economy, including making a forecast on the Australian economy and the cash rate. This paragraph will be assessed for English language proficiency also. References should be also posted at the end of this memo.

Paragraph:

"Russian invasion of Ukraine impedes post-pandemic economic recovery worldwide. The increased geopolitical risks induced by the Russian invasion of Ukraine will weigh adversely on global economic conditions throughout 2022/2023. Such effects are estimated to reduce GDP and boost inflation significantly, exacerbating the policy trade-offs facing central banks around the world." Given the above case study, your manager has asked you to prepare a presentation using the key Macroeconomic Variables and their relevant factors (T1 & T2) and then applying them to a Macroeconomic model (T2 & T3) to discuss the effects of Russian invasion of Ukraine on the Australian economy. You are also required to further comment on the key macroeconomic indicators (T1) as well as the impact on the balance of payments (T5). In addition, you need to analyse the measures that has been implemented by the Reserve Bank of Australia (RBA) in response to the Russian invasion of Ukraine (T4). Also, analyse the measures by the government as a response to Russian invasion of Ukraine and the effectiveness of such measures (T4). You need to explain the underlying economic logic of these measures and assess the effectiveness of these measures. Based on your assessment, make a forecast of how RBA may move the cash rate (T4) in the next 6 months.