A Commentary or Analysis on Recent Economic Issues Essay

A Commentary or Analysis on youthful Economic Issues - Essay ExampleAs the report declares the higher growth in 2004 reflects, that there has been collective progress in economic conditions except in the South Asian and Common Wealth Countries, where growth unwillinged down, yet remained at 6 and 7 percent. The growth in majority of the developing countries occurred in the manufacturing, with sustained growth in 2005. In the developed countries the economic performance remained mixed. North America growth was strong, with moderate growth in Japan, however pace remained slow in Europe, with the exception of new EU members.This essay stresses that the world parsimoniousness has slowed down due to a number of reasons, with basic reason being the emergent and un-expected shocks in 2004, such as Tsunami in Asia and the latest stun is the increase in oil prices by 60 percent in first disco biscuit months, although it eased at the end of year. A much greater surprise was the fluctuati ng exchange rate among difference currencies with Euro and Yen appreciating by 14 and 11 percent respectively. And the last surprise was the increase in commodity prices due to increase in oil prices, especially in developing countries. However the jut out of world economy is not as rosy as it seems in figure. One major problem in todays world economy is unemployment and the under employment which is prevalent in developing counties. Unless unemployment is reduced, it is hard to reduce poverty. The East Asia, the fastest developing region is facing the problem of un-employment.