Overview
Go to the Website, https://tradingeconomics.com/ , click on Countries then more Countries and select any nation in the world. Click the name of the nation and the economic indicators populate. Next, click on the indicator, Real GDP Growth Rate which is the % change in real GDP that is used to measure business cycle position. Create a table of the last 12 quarters of the Real GDP Growth Rate, include it at the top of your post and answer this question:
Post your responses to the following discussion prompt:
Over this period of time, has this nation been in recovery or recession (or both). Include the reason(s) for recovery or recession by finding an article that discusses the nations business cycle. Include one quote to support your conclusions and the URL for your source.
- Note: The economist's rule states that a recession is two or more consecutive quarters on negative % change in the Real GDP growth rate. A recovery occurs when there is one positive % change in the growth rate.
After you have posted your response, review the posts of your other classmates. Respond to at least one of them (preferably to one that has not yet received responses), by identifying elements that perhaps the original posting may have overlooked or some considerations that should have been taken into account.