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Discuss economic indicators and there support for and against the likelihood of economic growth, to what extent can the data be relied on?
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Harpal Chima 13A Economics & Business Studies Discuss economic indicators and there support for and against the likelihood of economic growth, to what extent can the data be relied on? Economic indicators have been used for decades in order to forecast how the economy will be in the future. They are figures that are used to predict how the future of the economy will be, indicators such as unemployment, inflation, GDP per capita and exchange rates are just a few statistics that economists used to predict economic growth in the future. The indicators are taken from the current situation within the economy and then are compared with past figures in order to predict the future of the economy and the positive and negative situations it will bring. Different countries have different economies and provide different statistics to economists. Using economic figures it is easy to see how well these countries are doing...
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