Analysis the most recent issue of International Economic Trends, published through the Federal Reserve Bank of St. Louis. You will notice percent (%) changes in economic data for 7-countries and Euro Area. We require to compare indicators for the US to those of other countries and form a view about the future.
Please address the following questions.
[A] Compare the US, Japan, the Euro Area and Canada in terms of production and employment in the most recent quarter and a year before.
[B] Rank the 4-countries with respect to inflation. How does the United States compare to the three other countries/areas now versus in 2006?
[C] Determine the unemployment rate in each country in the most recent quarter?
[D] After reviewing the recent economic indicators for these countries, assess the strength of each economy at the present time.
[E] Give your prediction about the economic health of each economy over the next few years?
Please note:
- The headings for the columns represent years and quarters; for example 07.2 is the second quarter of 2007.
- If there are blanks for countries then use the previous quarter for which data are available for the four countries.