Forecasters See Upside Risks to Their Economic Outlooks at Highest in More Than Two Years
Essay Preview: Forecasters See Upside Risks to Their Economic Outlooks at Highest in More Than Two Years
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Current Event Write up: “Forecasters See Upside Risks to Their Economic Outlooks at Highest in More Than Two Years”
The Wall Street Journal covers current events which are business focused and is published by Dow Jones & Company. One of the current events that the Wall Street Journal covers is the issue of the economy forecast. “Forecast See at Highest in more than Two Years” by Josh Zumbrun is one of the articles that is covered the Wall Street Journal, and it is the article that I selected.
The main strategic issue that is covered by the article relates to WSJ survey that highlights the economic outlooks of the country in more than two years. The Wall Street Journal survey in every month conducts a financial and business analysis of the estimates of gross domestic product, unemployment inflation as well as other key indicators of the economy. The survey they conducted as the article suggests shows that there is an average forecast for 2.4% Gross Domestic Product (GDP) growth in the year 2017 and 2.5% growth in the year 2018. The forecasters in this survey evaluate and assess various risks to their forecast, and they can conclude whether their forecast is a downside or upside. That is, the main aim of the forecast is to assess whether the growth over performs or disappoints. The article indicates that Donald Trump election has economic forecasts of an upside risk which has not been a problem for a while.
From the forecast, the article highlights that the survey showed that 64% of the respondents that the risk was to the upside which was the highest in over than two years and a reversal from the mood of recent years which was focused on potential risks from a global slowdown of the economic. Further, the article tackles the issue of the president regarding the economy of the state. It states that it is hardly rare for the new presidents to have supercilious goals, but to confront various challenges in their policy implementation. The survey highlights that the economy affects various aspects of living such as employment levels, the GDP as well as the oil prices.
The article provides an analysis of forecast of the economic growth which coincides with the theory of the course – business and management. The course helps to structure analysis of the information contained in the article as highlighted，also various aspects that affect the economy about forecasting which is vital in contemplating economic growth. The forecast is important as it indicates the interest as well as the inflation rates for a certain period which helps in determining the unemployment rate.
The upside risks in some cases could make the economy look much better than expected. These economic surprises can either be good or bad. The forecasters like economists in the Wall Street Journal survey have a concluded that it’s possible to either have a negative or positive growth in the economy. There