Comparing the GDP growth in South Asia from six months ago the revised GDP has gone down
Instructions:
Based on the readings and the prompt, discuss what you agree with and disagree with in your classmate’s min-essay.
In your response show independent thinking, introduce a different opinion or perspective than those of your classmates
Provide an answer or engage with one of the questions (the one you find most interesting) from your classmate’s mini-essay.
Comparing the GDP growth in South Asia from six months ago the revised GDP has gone down by 1.1 percentage points this year and will be at 0.7 and 0.4 percentage points for the next two years. South Asia has had a 5.9% growth in 2019, forecasted to be 0.7 lower than last year. Through earlier data results it is expected that there will be more government consumption and less investment and private consumption.
Bangladesh’s GDP projected to moderate to 7.2% this year, 7.3% the following year in 2020. This expectation rise is due to financial sector vulnerability, but is said to maintain growth above the 7% with the help of macroeconomic framework, political stability and strong public investments.
India’s fiscal growth this year is expected to fall to 6.0 from the results of the broad-based deceleration in the first quarters of the year. Although, in the upcoming years the growth is expected to increase by 6.9% in 2020 and 7.2% in 2021.
This fiscal year in Pakistan their projected growth is expected to decrease by 2.4% due to the monetary policy remaining tight and the planned fiscal consolidation will be compressing the domestic demand. However, Pakistan signed the IMF program that is suppose to help the growth recovery in the fiscal years to come.
This year, 2019, the growth in Sri Lanka is expected to decrease by 2.7%. Although, by the year 2020 the growth is suppose to reach 3.3% and 3.7% by 2021. With the help of supporting investments and exports, security challenges and political uncertainty of last year their percentage growth is expected to rise.
These strategies help others gain knowledge on the struggles in their own economy and as well others. Showing the strategies that are going to help benefit and support the changing growth in the economy in relation to someone’s everyday living styles and habits.
Source: http:// www.worldbank.org
Answer preview to comparing the GDP growth in South Asia from six months ago the revised GDP has gone down
APA
244 words
