INTRODUCTION The purpose of this assignment is designed on analysing macroeconomic indicators of

1800 WordsApr 23, 20198 Pages
INTRODUCTION The purpose of this assignment is designed on analysing macroeconomic indicators of two countries: Italy and United Arab Emirates. Considering contribution made by the oil and gas industry to the economic performance of an economy; assessing the role of both domestic and foreign factors/policies influencing the economic situation, analysing the fluctuations made in the economic performance over time period reflecting from 2010 to 2014, depending on the data available in Thomson Reuters Database. Considering the indicators such as inflation rates and balance of payments, with a particular attention made to the oil and gas markets and impacts, considering all reviewed economic indicators. BALANCE OF PAYMENTS The balance of…show more content…
Italy’ balance of trade is supposed to be positive in next months because of weak household spending weights on import. Strengthen in euro currency and increasing labor costs may cause a threat to economic recovery, but external demand should support Italy’s exports and contribute to growing economy. According to the World Bank the latest value for Net Capital account in the country was 777951236.36 US dollars of 2011. This account includes investment grant in cash, government debt forgiveness and taxes on capital structure together with the migrant’ capital transfer, debt forgiveness and investment grants by non-governmental entities. Balance of trade The United Arab Emirates and Italy Balance of trade The Central bank of the UAE draws up Balance of trade for the United Arab Emirates. A trade surplus in The United Arab Emirates was 93111.98 EUR Million (470939 AED million) in 2012. Balance of Trade averaged 34991.78 EUR million (176980.38 AED million) from 2000 to 2012. Overall, United Arab Emirates is facing with trade surpluses due to the fact that the country exporting 40% of its oil and gas resources. Concerning imports, the main fields are: luxury metals and stones, such as pearls; machinery, transportation parts and vehicles as well as sound recorders. The key trading partners of United Arab Emirates are India (17 % -imports; 14 %- exports), Japan, South Korea, China, US and Iran. As

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