Report on the net export component of the aggregate expenditures for the Manitoba macroeconomy - Research Paper Example

h in exports was strong in the three year period of 2004 to 2007 but negative growth in exports was experienced by the economy partly in 2008 and more pronounced in 2009. The exports amounted to 26.7 billion dollars in 2009. In spite of the decline in export growth the economy was the third highest in terms of export value. The chart below provides the evidence of the exports of the economy over a definite time period. The exports within Canada actually increased by about 2.4% in the year 2008 but the exports to other countries suffered a decline of 3.

1% in the same year. The fall in exports in 2009 is the highest recorded data since 1981. The recession and the economic slowdown was the contributing factor to the slowdown. According to the Manitoba Bureau of Statistics the economy experienced an expansion of 2.2% in 2011. However, according to the major economic forecasters the GDP will increase by 2.4% and 2.2% in 2012 and 2013 respectively. The economy experienced second best annual growth rate over the period of 2006 to 2011. The following chart shows a comparison between the expansions of the Manitoba economy with that of Canadian economy (Province of Manitoba, 2012).

The investment survey conducted by Statistics Canada published the report in February, 2012. They projected the capital investment in the economy to increase by 4.7%. This rate is below the rate of growth in capital investment of Canada which is at 6.2%. The private investment is estimated to achieve an expansion of 8.3% while the public investment will increase by 3.1%. The capital investment projection was revised to an expansion by 1.5% from the forecasted value. The total capital investment increased by record amount of 11.

4 billion dollars for the year 2011. In the four year period ranging from 2006 to 2010 the economy surpassed the national annual growth in capital investment. In the first half of 2012, the exports on merchandises increased by 8.5% (Baragar, 2011). During the same time the