The Impact Of Cuba

economic growth comes from agriculture and exports to and from Europe. Since America has had an embargo on Cuba since 1962 neither countries trade with each other because of many disagreements about governing techniques and Fidel's unwillingness to comply with U.S. instructions. Cuba’s long history and culture has contributed to many economic and social growth through out the world, but Cuba is still struggling to try to stable their economy.

Overall, we expect that the economic will grow at stable rate with relatively increase for the next 5 years.

As Harrell put it, “The United States has an interest in fostering inclusive economic growth in Cuba and enabling US companies to take advantage of market opportunities in the country.” If they can carry out economic activities normally, there is no doubt that it is beneficial to US in various aspects. Consequently, it is worthwhile for US to normalize the economic relationship with Cuba.

Trade contribution to GDP has been disappointing, but government spending at 20.4BN in the June quarter encouraged JP Morgan to raise GDP forecast to 0.6%, leaving annual GDP growth at a steady 3.4%.

A discussion of Cuba and the occurrences within the country over the last century is often surrounded by probing analysis as to the extent to which the Revolution of 1959 actually served as a change from past regimes. It is ignorant to evaluate the revolution in a vacuum, because past events that created the climate where such a change could take place. Yet it is also immature to state that 1959 was purely a product of history and previous revolutions. The story of the Cuban revolution and events since does not begin with the revolution itself. Rather, it starts from the political, economic, and social situations which evolved

Department of State, 2014). The country recorded a 5.6% industrial growth rate in 2013 and

According to this article “ trade deficit grows as strong Dollar hurts exports” found on the New York Times’ website, the United States trade deficit grew moderately in May of 2015, as reported by commerce department during the week of July 2015. This reflects the decline in sales of American-made Aircraft and Machinery as exports continuously suffer from the strong Dollar. The month of April had a deficit that is imbalanced of 40.7 Billion dollars. During the month of May, it increased to 2.9 percent leading it to be at 41.9 billion Dollars.

The primary determinants of GDP are the spending decisions made by the four major sectors of the economy. The formula to calculate Gross Domestic Product is: Y (GDP) = C (Consumption) + I (Investment) + G (Government purchases) + NX (Net Exports = Exports – Imports).

Real GDP increased annually at a rate of 2.6 percent in the fourth quarter of 2013. Although it decelerated from a 4.1percent GDP growth increase in the third quarter, in my findings real people were helping our economic growth in the fourth quarter. To be specific, the real GDP increase in this final quarter beat BEA estimate (a 2.4 percent increase) by 20 basis points. This is reflected by a larger than previously estimated consumption expenditure (3.3 percent versus an estimate of 2.6 percent). However, it is offset by a smaller-than-estimated private investment in intellectual property products (4.0 percent) and residential fixed investment (negative 7.9 percent). There are positive contributions to this increase such as: personal consumption expenditures up 3.3 percent (higher than last quarter’s 2 percent), gross private domestic investment up 2.5 percent, and exports up 9.5 percent. They are offset by negative contributions such as government spending down 5.2 percent. Imports, which are a subtraction in the calculation of GDP, were up 1.5 percent. The price index for gross domestic purchases, which is the measurement of prices paid by US residents, increased at the rate of 1.5 percent in the fourth quarter 2013 as compared to 1.8 percent increase in the third quarter last year. If food and energy prices are excluded, the price index increased at 1.8 percent in the fourth quarter 2013 as compared to an increase of 1.5 percent in the

Iran’s Parliament Research Center forecasts the country’s GDP growth to be 3.7 percent for the Persian year of 1396, March 2017 to March 2018. This is a third of the last year 12.5 percent growth rate, announced by the Central Bank of Iran. Last year’s strong performance was the result of the exploding growth in the oil sector after the nuclear deal. The forecasted growth rate is below the 8 percent rate, demanded by the 6th development plan of the country.

expected to be up to RMB 317.9 billion in 2015 with a CAGR of 24.72%, higher than the

Growth in China and other emerging markets expected increase sales by 7.8% in 2015, reaching $350 billion

“Managerial economics applies the principals and methods of economics to analyze problems faced by the management of a business, or other types of organizations and to help and to help find solutions that advance the best interests of such organizations.”(Managerial Economics, 2015). In order to apply the principals and methods of economics to business it is important to first understand general economic principles and macroeconomic indicators. These indicators help managers to understand how the economy is performing and what the trends are here in the U.S. and across the world. An article titled “Kiplinger’s Economic Outlook” presents a current look at general economic principles and economic indicators. The article offers a look at last year (2014) and uses the indicators to anticipate the economic performance for the U.S. in 2015 taking into account the political setting, legal issues, global economic pressures, and even climate change. The article discusses Gross Domestic Product (GDP), employment, Consumer Price Index (CPI), inflation and interest rates, Balance of Payments (BoP), and. major macroeconomic indicators for the U.S economy. The article also discusses economic principles including money, inflation, trade, supply and demand, and economic growth and how these will affect the economy in 2015. This article will allow the reader to enhance his or her understanding of macroeconomic indices, get an explanation of these indices using economic principles,

Goods and services are relative with the international transaction representing from the current account balance of changed in the exports and imports. Through the stronger domestic demand, imports of 16% growth have increased since 2009; subsequently import of goods grew with an average of 13.4% over 2010 to 2012. The goods account excess to RM102.7 billion for the year 2013, but still decline of RM22.9 billion from RM 125.6 billion of 2012’s record. Meanwhile, there is the lower exports balance from RM703.1 billion of 2012 to RM690.9 billion this year and higher imports balance from RM577.5 billion of 2012 to RM588.2 billion this year.

to make the policy & mission a successful one. The Ministry of Agriculture of the state and