it's attached

Macroeconomy cu
ent event journal (2020)
(1) Brief overview of macro economy and issues covered in article
Macroeconomics refers to
anch of study encompassing activities in economy at large. It is inclusive of growth for nation & business cycle, dealing with various nations, government revenue by taxation & other means, rolling out of benefits by government, fiscal & monetary policies, aspect of foreign import and export and other innumerable economic activities. The prime most elements that binds these activities within framework of macroeconomics are – Supply and demand. Overall economic environment is based upon decision made by individual, firm, business organisation and government who are participants in economy. Following are key variables of macroeconomics;
Interest rates: Government determines these rates & periodically reviews it with monetary policy.
Taxes: Government determines these with fiscal policy which implicitly have mark of ruling dispensation of the country.
Exchange rates: The world is interconnected not only in cultural aspect, but more intertwined with business with other nations. With digital transformation, exchange rates are available at every second.
These variables within framework of supply and demand at the level of price,
ing about competitive strategies for firms and industries. Gross domestic product aggregates activities at market value producing final goods & services by domestic and foreign supplied resources within a country in given period of time. Therefore, GDP expressed in terms of size of economy is one of the most watched out macroeconomic indicator.
With above
ief background of macroeconomics, following are issues followed by review of latest article and issues in context of macroeconomics.
· Economic downturn and economy shrinking
· Public debt, bailout and systematic risk
· Durable goods, non-durable goods and co
elation with market as indicator of economic downturn
· Consumer sentiment trading data and index investment environment with view of unemployment
Answer to Q)2) of identifying why the issue is macroeconomics and Answer to Q)3) Explanation supporting connection;
Article 1: Let us first refer to cu
ent Corona Virus projection that is triggering towards worst economic downturn. Estimate published in Washington post projects rise in US deficit not seen since 1940s and economy shrink to 12% in second quarter of the year. Further projection of such environment to continue will lead to economy shrinking up to 40%. These details draw attention towards systematic risk where economywide disruptions co
elated with deep downward dive in market that lead up to decline in value of...