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DaCat Posted 22 years ago
Letter Writing
Summary on world economy, please proofread, thanx in advance!!
Hi, I'm a student from Germany. I wrote this hort summary which I have to hand in on Monday. I would appreciate it if somebody could proofread the text. thanx in advance. I owe you...
The world economy has not developed in the direction of a long awaited recovery. Right now nobody knows where the global economy is heading and every fact influencing its course is analysed closely. Its development is a very important issue linked up with important decisions such as the upcoming election in the United States.
Recently the U.S. economy, being of vital importance for the global economy, has started to perform poorly judging by the news from the America.
Unfortunately there are no countries able to step up to carry the global economy. Europe’s growth rates are struggling not to stagnate and Japan’s and Korea’s growth is build on weak components meaning it is not going to be very sustainable in the long run. From Germany to Japan consumption is low due to cautious consumers.
Besides companies not hiring, all causes for the consumer’s unwillingness to spend are not obvious and clear.
This situation is very critical especially for the U.S., who are greatly dependent on positive impulses from the world economy to bring their downswing to a halt.
Originally U.S. consumers were animated to spend throughout the recession of their economy by means of low interest rates, dictated by Alan Greenspan and tax cuts by the Bush administration.
The plan that increased consumer spending would be followed by job growth once the tax cuts would come to an end did not work out.
Whereas Alan Greenspan is pointing at the high oil prices for excuse, critics like Marc Faber say that he took the U.S. economy’s chance to cleanse itself from “excesses” created during the upturn, with low interest rates.
Indications for continued global stagnation cause Merrill Lynch to forecast the global economy not to rally anytime soon, recommending stocks which are likely to profit during low growth periods.
The positive side to the weak world economy is that in the long run its inevitably going to balance itself. Marc Faber expects the rebalancing to be initiated by a crisis which U.S. consumers can keep off by spendig once again.
should i switch paragraph 2 and 3??
Thanx again!!!!
The world economy has not developed in the direction of a long awaited recovery. Right now nobody knows where the global economy is heading and every fact influencing its course is analysed closely. Its development is a very important issue linked up with important decisions such as the upcoming election in the United States.
Recently the U.S. economy, being of vital importance for the global economy, has started to perform poorly judging by the news from the America.
Unfortunately there are no countries able to step up to carry the global economy. Europe’s growth rates are struggling not to stagnate and Japan’s and Korea’s growth is build on weak components meaning it is not going to be very sustainable in the long run. From Germany to Japan consumption is low due to cautious consumers.
Besides companies not hiring, all causes for the consumer’s unwillingness to spend are not obvious and clear.
This situation is very critical especially for the U.S., who are greatly dependent on positive impulses from the world economy to bring their downswing to a halt.
Originally U.S. consumers were animated to spend throughout the recession of their economy by means of low interest rates, dictated by Alan Greenspan and tax cuts by the Bush administration.
The plan that increased consumer spending would be followed by job growth once the tax cuts would come to an end did not work out.
Whereas Alan Greenspan is pointing at the high oil prices for excuse, critics like Marc Faber say that he took the U.S. economy’s chance to cleanse itself from “excesses” created during the upturn, with low interest rates.
Indications for continued global stagnation cause Merrill Lynch to forecast the global economy not to rally anytime soon, recommending stocks which are likely to profit during low growth periods.
The positive side to the weak world economy is that in the long run its inevitably going to balance itself. Marc Faber expects the rebalancing to be initiated by a crisis which U.S. consumers can keep off by spendig once again.
should i switch paragraph 2 and 3??
Thanx again!!!!
Top answer
'The world economy has not developed in the direction of a long-awaited recovery. Right now no one knows where the global economy is heading and every fact influencing its course is being analysed closely. Its development is a very important issue linked to important decisions such as the upcoming election in the United States.
- 'The world economy has not developed in the direction of a long-awaited recovery.
- Right now no one knows where the global economy is heading and every fact influencing its course is being analysed closely.
- Its development is a very important issue linked to important decisions such as the upcoming election in the United States.
- S.
- S.
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2 Answers
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'The world economy has not developed in the direction of a long-awaited recovery. Right now no one knows where the global economy is heading and every fact influencing its course is being analysed closely. Its development is a very important issue linked to important decisions such as the upcoming election in the United States. Recently the American economy, of vital importance for the global ec
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Hi All,
It seems that the above post was posted twice. I replied in a different location.
Summary on the world economy, please proofread, thanks in advance
That is one of the hazards of multiposting. You can compare the tw
It seems that the above post was posted twice. I replied in a different location.
Summary on the world economy, please proofread, thanks in advance
That is one of the hazards of multiposting. You can compare the tw
0
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