The World Economic Forecast - Essay Example

In performing economic estimates, it is prudent to encompass both micro and macro aspects of economics. Economists in the recent past have expressed concerns over the persistent deteriorating economic performance of the rest of the world markets and not the United States (U.S). They are relatively sanguine about the US economic performance outlook. This is after an irregular first half of the year and most economists express confidence that the economy will improve in the second half. On the contrary, they express mixed attitudes towards the other global markets such as the Eurozone, China, and Japan. The European market is hard hit by its broken banking system. These outcomes are comparatives based on micro and macroeconomic factors in the respective economies.

Therefore, as the second half approaches, there is a need for economies to critically analyze the underlying macro and micro factors that are likely to slow growth. It is vital to appreciate the forecasts laid by economists and use them effectively in better management of economic events likely to occur. This will assist in ensuring the sustainability of economic performance not only in the US but rather across other markets. Read More