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Forecast Paper: You will write an economic forecast for one year from now for major global economy

You will write an economic forecast for one year from now for major global economy. Your forecast should include a history of the economy focusing on interest rates, price levels, unemployment rates, GDP growth rates, level of exports and imports, and other appropriate variables. You should also identify the current state of the economy with attention to the previous variables. Finally, you should offer three possible scenarios for the future state of the economy with attention to significant fiscal and monetary policies that will impact the future. Your paper should be 7-8 pages long, including a one-page bibliography containing your sources. You may also use graphs and charts, but you need to explain relevant information contained within your graphs and charts.I. An introduction describing the difficulty and importance of forecasting the correct state of the economy.II. A description of important indicators used for forecasting the state of the economy including reference to the Conference Board, the Bureau of Economic Analysis, The Federal Reserve Bank, the Bureau of Labor Statistics, the Commerce Department and the National Bureau of Economic Research.III. Case Study A (Austrian perspective) – forecasting interest rates, GDP growth and the components of that growth, unemployment and its makeup, the amount of trade and the value of the dollar, inflation, fiscal policy and monetary policy.IV. Case Study B (Neo-Keynesian perspective) – forecasting interest rates, GDP growth and the components of that growth, unemployment and its makeup, amount of trade and the value of the dollar, inflation, fiscal policy and monetary policy.V. Case Study C (Marxist perspective) – forecasting interest rates, GDP growth and the components of that growth, unemployment and its makeup, the amount of trade and the value of the dollar, inflation, fiscal policy and monetary policy.VI. Conclusion and reflections on the most likely direction of the economy.Each Case Study should include I. Description of the indicators that you will be using to forecast the economic future. These indicators could be some of the indicators discussed at the website Investopedia: http://www.investopedia.com/articles/economics/08/leading-economic-indicators.aspII. Description of the present state of the economy focusing on all the measures of the economy that are important such as GDP, M2, inflation rates, unemployment rates, growth rates, exchange rates, trade balances, etc.III. Your forecast for the future using the select indicators that you have selected to make your forecast. IV. Possible wild card events that could alter the outcome of your forecast.Conclusion – Summing up the material covered and bringing attention to the likely future direction of the economy.

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