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Professional Skills Essay The business and political changes that have occurred since September 2002 has had various degrees desirable and undesirable impacts on the many aspects of the economy, such as consumers, producers, MPs, environment, health and different industrial sectors. The changes are likely to have continuing effects into the next year and probably even longer Interest rates and Exchange rates The changes in the interest rates in some of the major world economies, for instance Japan and USA, have had staggering impacts. The US economy has been seriously underachieving in terms of output and employment, which is why it has such a large balance of trade deficit. The Federal Reserve has therefore lowered its interest rate to help stimulate investment, trade and employment. However this tactic has not proven to help because of the general sluggish economic situation the world is in. The low exchange rate is supposed to increase the amount...

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