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

Evidently, the connection between fuel and the world has resulted in an intimate relationship between global economy and the prices of oil. In this regard, the world is increasingly growing dependent on petroleum and, as such, it follows that matters concerning fuel prices are bound to affect the global economy. Be it a slump or a rise, oil prices factor significantly in every country regardless of if the given country is an importer or an exporter; however, the impacts are different in magnitude for each nation. In fact, the behaviour of fuel prices at any given moment world widely is crucial in determining the performance of the global economy with both low and high prices affecting the economy exclusively.

Money is thought to encourage trade and the division of labor, in turn increasing productivity and wealth. The absence of money causes an economy to be inefficient because it requires a coincidence of wants between traders. The likelihood that you will find someone to trade with you is very small.

In 1997 the sales of natural gas surged in 1997 as one of Qatar’s North Field came on line (Beard, p. 18). This specific event contributed to a total GDP of approximately 30% (Beard, p. 18). Further development in 04’ can be directly attributed to transportation, storage, hotels, bank and finance and government. Again, Qatar’s reinvestment in their community enables them to function and thrive even with any imbalances in the gas and oil industry that many other countries base their entire GDP to. Further growth was seen through Qatar’s history though. Specifically, in 2008, Qatar’s capital was believed to have peaked. Further contributing factors are the positive traits that coincided not only with the factors that enabled them to grow not only in the hydrocarbon sector nonetheless the non-hydrocarbon sector as well. The labor growth within Qatar has indefinitely increase. Specifically, many workers have migrated from one sector of growth to the other. The IMF stated that, “Qatar’s population rose from approximately 650 000 in 2001 to 1.9 million in 2013. The employment-to-population ratio rose from 48 percent in 2001 to 68 percent in 2007 and more than 85 percent in 2013. As a result, growth in GDP per worker has been slower than growth in GDP per population (Table 1). This is illustrated in the case of the non-hydrocarbon sector, which appears to be growing fast in per-capita terms but not in per-worker terms” (Beard, p. 20). However, with this population increase occurring, production by these workers lacked. IMF found that this production was in decline from 01’ through 09’, but then elevated in 12’ with a slight decline yet again in 2013. This may only be explained by the shift of labor to the construction sector of the

United Arab Emirates occupies a total area of about 83,600 square kilometers (32,400 square miles), along the south-eastern tip of the Arabian Peninsula between 22°50 and 26°N and between 51° and 56°25 E. The UAE has 1 318 km of continental coastline along the Persian Gulf. The inflation rate, exchange rate and currency stability are important factors to consider in International trade, economically, the UAE has a 4% of GDP growth in 2012 with a lower inflation rate of 1.1%, In terms of days and cost of import procedure (United Arab Emirate). The Urbanization rate of the region is 84% (UAE) which would contribute to the product awareness in necessary part of the region since the urbanization rate is high. The common languages in

Leading Economic indicators offer statistics and data about the economy. There are a total of ten economic indicators that the conference board uses to gather statistics and data to determine the status of the economy and what is expected. This helps them determine what businesses and people should and should not do for the future of the economy Three leading economic indicators that have been on the media lately are the average weekly hours and manufacturing, manufacturers' new orders, consumer goods and materials, and Building permits, new private housing units.

Discuss in detail the three classes of economic indicators that measure the health of the U.S. economy. What is your prediction of the next 6 months?

A group of researchers show that oil price fluctuation have significant impact on the economic activity. The significant are expected different from oil importing and exporting countries. (Soytas, Sari, Hammoudeh, & Hacihasanoglu, 2009). However, those countries exporting oil an increase in the oil price considered good news to them. When the price of oil increase the exporting, countries gain more money, but for importing countries when the oil price decreases, it’s going to have an impact on their real economy especial when the country relies on the oil as one of their main source of income. The monetary transmission mechanism which has the control on the interest rate which the oil price have has an impact on

The revolution of 1979 marked the beginning of Iran’s economic decay and even further economic instability. Before the revolution, Iran had one of the Middle East’s most advanced economies. Petroleum exports, which make up about 85 percent of government revenues, have decreased over the years after the revolution (Trading Economics). In fact, petroleum exports declined to 1.5 million barrels per day in 2012 from 2.5 million barrels per day in 2011 (Trading Economics). The Iranian government’s dependence on oil revenues has resulted in persistent financial instability. Because of this financial instability, Iran’s inflation rate was greatly affected. The inflation rate is the rate of change of prices calculated on a monthly or annual basis. In January 2014,

Currently, Italy’s GDP has fallen back to the same level as it was during the 1990s, a time which was plagued with tax evasion and massive debt such as today. The current debt ceiling is at 133% the country’s GDP, and also holds the position of being the second highest in the eurozone. One of the main reasons for Italy’s extended

The global economic recession of 2008 shook economies all around the world. Some of the largest countries saw a massive reduction in their GDP, and Italy saw its economy shrink 3%. Italy still hasn’t recovered from the hit it took in 2008, and it is still causing problems for the country. Italy’s debt actually isn’t their problem, but it is the root problem. Italy has carried debt to GDP ratios well above 100% for over 20 years, but only now are they having serious economic issues.

The idea Edgar has for opening up four new gas stations is based on a well based argument making it viable as a profitable business venture. The evaluation on the American consumer to accept the high price for gas oil prices forms the first approach towards establishing a business. Gasoil businesses in the world run as cartel where it supply and prices are determined by the few stakeholders in the industry. The stakeholders form an agreement among their competitors on the price, making and, marketing of the product (Fredy, 2010). The cartel though the production affects the GDP

Italy’s debt stands at 1.9 trillion EU ($2.6 trillion US), or 120% of gross domestic product. Compare that to the combined Greece, Ireland and Portugal’s debt – around 640 billion as at full year 2010, according to Eurostat, the statistical office of the European Union.

Italy’s mixed economy is a moderately free economy, rated 80th most free economy in the world in 2015 according to the Index of Economic Freedom ("Italy," 2015). Currently, public debt is high, despite new government policies and goals to reduce debt; it has increased to 2.39 trillion USD (Totaro & Salzano, 2015). Italy’s banking industry, like other counties within the EU as well as the US have taken a hit from the recession. Italy is known for its small local community banks, many are at risk of merging or going away due to new regulations.

The UAE is one of the riches nations in the world as measure by per capita GNP. The economy is primarily based on the oil

Information on UAE and its Strategic Priorities xan be found at the following websites: http://www.uaeinteract.com/; http://www.ameinfo.com/; http://www.uae-embassy.org/business-trade/trade-export; information on logistics: read Basit, A. (2010), “UAE Top Logistics Hub in the Gulf”, Khaleej Times, dated 16 January, Available: