Problem 5.(16 points) IMF Forecasts. Use links to IMF data from the lecture slid
ID: 1139955 • Letter: P
Question
Problem 5.(16 points) IMF Forecasts. Use links to IMF data from the lecture slides to answer the following questions. 1. Name a country in Europe for which, according to the IMF, the unemployment rate for 2018 is predicted to be higher than 20% while the growth rate is predicted to be around 2%. 2. According to the IMF forecast, which country in Latin America is predicted to have the lowest growth rate in 2018? Report the predicted inflation and unemployment rates for that country. 3. What is the current IMF forecast for the overall growth rate in advanced economies in 2018? How does it compare to the forecast for emerging market and developing economies? 4. What is the current IMF 2018 forecast for inflation, unemployment and growth rate in the US?Explanation / Answer
ANSWER-
(1) ACCORDING TO IMF - GREECE
(2) VENEZUELA IS A COUNTRY HAVING LOWEST GROWTH RATE IN 2018
PREDICTED INFLATION - 13.86K % IN 2018
PREDICTED UNEPLOYMENT .- 33.35% IN DEC 2018
(3) ADVANCED ECONOMIES GROWTH IN 2018 - 2.5%
EMERGING MARKET AND DEVELOPING COUNTRIES GROWTH IN 2018 - 4.9%
COMPARISON - ADVANCED ECONOMIES GROWTH ARE APPROX HALF OF THE GROWTH EMERGING MARKET AND DEVELOPING COUNTRIES
(4) IMF FORECAST IN US 2018
INFLATION RATE - 2.5%
UNEMPLOYMENT RATE - 3.9%
GROWTH RATE - 2.9%