Economic Indicators in China, Russia, United States, United Kingdom, and UAE - Example

Economic Indicators in China, Russia, United States, United Kingdom and UAE Name: University: Date: I. Introduction: In this paper we focus on China, Russia, United States, United Kingdom and UAE, we analyze these countries with reference to interest rate, employment, exports, industrial production, inflation and tourism. Recent historical data is used to analyze the current status of these countries and also helps to forecast on the changes that are expected in the next two years, the following is an analysis of historical data for the various indicators: United States: In this section we focus on the United States historical data, the data helps us to identify the current status of the country and what is expected in the future; Employment in the United States: The following chart summarizes employment in the US for the period January 2007 to February 2009; From the above chart it is evident that employment has declined for the period September 2008 to February 2009, this it is also evident that there was a sharp decline in employment and therefore it is expected that employment will decline in the future, however employment is expected to increase over time as the economy recovers from the recession. Exports in the US: The chart below shows the trend in export levels in the US for the period 2000 to 2008: From the above table it is evident that there was a slight decline in the level of exports for the period 2000 to 2002 where exports started to increase gradually to the year 2008, it is therefore expected that exports will continue increasing in the next two years. Inflation in the US: The chart below summarizes the inflation level in the US for the period January 2007 to February 2009, The above chart demonstrates a general increase in inflation for the period January 2007 to July 2008, however inflation levels started to decline and it it evident that there is a downward movement of inflation levels for the remaining period to December 2008, in January and February 2009 the inflation rate from the chart has increased, therefore we expect inflation rates to increase gradually. Interest rates in the US: The following is the trend in interest in the US for the period January 2007 to February 2009, From the above chart it is evident that there has been a decline in the interest rates over time, it is also evident that in past few months interest rates have remained relatively stable and therefore these interest rates are expected to increase in the next two years. Industrial production in the US: The chart below shows industrial production for the period 2000 to 2008 From the above chart it is evident that industrial production declined in the period 2000 to 2002, for the period 2003 to 2007 industrial production has been increasing and this if followed by a decline in industrial production in the year 2008, this shows that industrial production is expected to decline in the next few years. Tourism in the US: Tourism also plays a major role in economic development; the chart below summarizes tourism in the US for the period January 2007 to January 2009 From the above chart it is evident that the number of tourism has fluctuated over time and in recent months this level has declined reaching it lowest in the last one year, it is therefore expected that the number of tourist will continue to decline in the future. United Kingdom: We now analyze the United Kingdom economic performance using the various indicators; in this section we consider interest rates, employment, exports, industrial production, inflation and tourism. Employment in the UK: We consider employment in the UK for the period January 2007 to February 2009, the following chart summarizes the data: From the above chart it is evident that employment levels have increased for the period 2007 to May 2008 whereby employment level reaches a peak and starts to decline until 2009, it is therefore expected that employment levels will continue declining in the next two years. Exports in the UK: The chart below demonstrates the trend in exports levels in the UIK, we consider the period January 2007 to February 2009: The chart shows relatively constant levels of exports in the UK; however recent trends show that there has been a slight decline in export levels. Therefore we expect a decline in exports in future. Inflation in the UK: The following chart shows inflation levels in the UK for the period January 2007 to February 2009 From the chart it is evident that inflation has fluctuated by large margins over time whereby we have cases of extreme negative values and extreme positive values, recent trend show that inflation is rising and therefore we expect an increase in inflation in future but due to the trend demonstrated in past months there will be also a decline in inflation in the future, therefore there will be an increase in inflation followed by a decline in inflation. Interest rates in the UK: Interest rates are the costs of borrowed capital; the following table summarizes the trend in interest rates in the UK for the period January 2007 to February 2009 From the chart above it is evident that there is a decline in interest rates over time, this shows that the interest rates will decline in future. Industrial production in the UK: We consider the period January 2007 to February 2009 and the following chart summarizes the results; From the chart above it is evident that there is a decline in industrial production over time, this shows that the industrial production is expected to decline in future. Tourism in the UK: The chart below demonstrates trends in UK tourism over time, we consider the period 2000 to 2008 From the chart it is evident that the number of tourist increased for the period 2003 to 2006 whereby we have a decline in the period 2006 to 2008, we therefore expect that the number of tourists will decline in the next two years. Russia: In this section we analyze Russia economic performance using the main indicuators, the following is an analysis of the economy: Employment in Russia: The chart below summarizes the employment rate in Russia for the period 1995 to 2008 From the above chart it is evident that the employment rate declined sharply for the period 1995 to 2000, this was followed by a gradual increase for the period 2001 to 2007, it is therefore expected that employment will continue to rise in the next few years. Exports in Russia: We consider data for the period 1995 to 2007: From the chart above for the period 2002 to 2007 there has been a gradual increase in the level exports, exports have increased at an increasing rate but in recent years imports have increased at a decreasing grate showing that in the next few years the levels of exports is expected to decline. Inflation in Russia: We consider the period 2000 to 2007,. The following chat summarizes the results From the above chart it is evident that the rate of inflation declined for the period 2000 to 2006, for the period 2006 to 2007 there is an increase in inflation and therefore we expect inflation rate to increase in future. Interest rates in Russia: The following chart summarizes interest rates for the period 2000 to 2007 From the above chart we expect the rate of interest to increase in future this is due to the fact that over the period 2001 to 2005 interest rates declined and from 2005 to 2007 interest rates increased. Industrial production: The chart below summarizes industrial production in Russia, from the chart it is evident that industrial production has increased over time. We therefore expect that industrial production will increase in the next one year and then a decline in production as depicted by the trend. Tourism: Tourism in Russia is summarized in the chart below: From the chart it is evident that the number of tourists declined for the period 2000 to 2004 and in 2004 to 2007 the number of tourists increased, therefore we expect tourism to increase in the next two years. China: We now analyze China’s economic performance; the following are the various indicators Employment in china: The chart depicts employment in china for the period 2001 to 2008, it is evident that employment has increase over the period but in 2008 employment declined, we therefore expect employment to decline in the next two years. Export in Chinas: The chart below summarize the level of exports in china From the above chart the level of exports have gradually increased over time, we therefore expect exports to increase in future. Inflation in china: The following chart shows the consumer price index in china, from the chart it is evident that inflation has declined in the past two years and therefore we expect inflation to continue declining. Interest rates in chian: We consider the period 2000 to 2007 From the table interest have declined over time and therefore we expect interest rates to decline. Industrial production in China: Industrial production in china has increased over time and therefore we expect an increase in the in the future Tourism in china: The chart summarizes the number of tourists in china over the years The number of tourists in china has increased over time and therefore we expect an increase in the in the future UAE: We now focus on the United Arab Emirates Employment in UAE: From the chart there has been an increase in the level of employment in UAE, we expect an increase in employment in future., Exports in UAE: The chart shows trend in the level of exports From the chart we expect the level of exports to increase in future. Inflation in UAE: Chart shows trend in inflation rate The rate of inflation increased sharply in 206 to 2007, this was followed by a slight decline in 2008, this means that we expect inflation to decline in the next few years. Interest rates in UAE: The chart summarizes interest rates over the years From the chart there has been a general decline in interest rates, we therefore expect a decline in interest rate in future. Industrial production in UAE: The chart summarizes industrial production in UAE From the above it is evident that industrial production has increased over the years and therefore we expect an increase in production in the next few years. Tourism in UAE: The chart summarizes tourism in UAE From the chart it is evident that there has been slight increases in the number of tourists in the UAE, we therefore expect that tourism will increase slightly in the next few years. Comparison of the countries: In this section we compare the various countries considered in this study we compare them with reference to the various indicators identified, the following is an analysis of the different countries and what is expected in future. Regarding employment there is a decline in employment in the US, UK and China, however there is an increaser in employment in Russia and UAE, therefore we expect a decline in employment in the US, UK and China. The level of exports has increased over the last few months in the US, Russia, China and the UAE, however the level of exports is declining in the UK, we therefore expect an increase in exports in the countries and a continued decline in exports in the UK. Regarding interest rates in the last few months interest rates have declined in the US, UK and UAE, however there has been an increase in interest rates in the last few months in Russia and China, therefore we expect high interest rates in China and Russia and lower interest rate in the other countries. Inflation in the last few months has increased in the US, UK and Russia, however there is a decline in inflation in China and UAE, from the trends however we expect a continued decline in inflation in the UK, China and UAE. Regarding tourism there has been declines in the number of tourists in the US and the UK, however slight increases in the number of tourists has been been experienced in Russia, UAE and China, we therefore expect that in the near future the number of tourist will decline in all the countries. Finally with referenced to industrial production there has been declines in production in the US and the UK; however there are increases in industrial production in Russia, China and UAE. References: Bank of England (2009) UK interest rates, retrieved 16th April, from Census Gov. (2009) US Industrial production Data, retrieved 16th April, from China statistics (2009) China employment levels, retrieved 16th April, from CRB(2008) interest rates in Russia, retrieved 16th April, from Federal REsearve (2009) US interest rates, retrieved 16th April, from Mundi (2009) employment, industrial production in UAE, retrieved 16th April, from Russia official statistics website (2009) employment and inflation rates, retrieved 16th April, from TINET (2009) US tourism level, retrieved 16th April, from UAE central bankd (2009) interest rates data, retrieved 16th April, from UK statistics (2009) employment, inflation, interest rates data in the UK, retrieved 16th April, from World tourism committee (2009) Tourism levels in UAE, retrieved 16th April, from World Tourism Organization (2009) Tourism in te UK, retrieved 16th April, from Read More