A Commentary or Analysis on Recent Economic Issues Essay

A Commentary or Analysis on Recent Economic Issues - Essay ExampleAs the cover declares the higher evolution in 2004 reflects, that there has been collective progress in scotch conditions except in the South Asian and Common Wealth Countries, where growth sulkyed down, yet remained at 6 and 7 percent. The growth in majority of the evolution countries occurred in the manufacturing, with continuous growth in 2005. In the developed countries the economic performance remained mixed. North America growth was strong, with mode measure growth in Japan, however pace remained slow in Europe, with the exception of new EU members.This essay stresses that the world economy has slowed down due to a number of reasons, with basic reason being the sudden and un-expected shocks in 2004, such as Tsunami in Asia and the a la mode(p) stun is the increase in oil prices by 60 percent in first cardinal months, although it eased at the end of year. A much greater surprise was the fluctuating exchange rate among difference currencies with Euro and Yen appreciating by 14 and 11 percent respectively. And the last surprise was the increase in commodity prices due to increase in oil prices, especially in developing countries. However the portraying of world economy is not as rosy as it seems in figure. One major difficulty in todays world economy is unemployment and the under employment which is prevalent in developing counties. Unless unemployment is reduced, it is hard to reduce poverty. The East Asia, the fastest developing region is facing the problem of un-employment.