Monday, May 11, 2020

Introduction And Literature Review The Decline Of...

1. Introduction Literature review The early 2000s recession was a drastic decline in economic conditions, which mainly occurred in the developed countries. From 2001, the Federal Reserve initiated a move to quell the stock market, caused successive inflation in interest rate, thus â€Å"plunging the country into† the worldwide economic recession (Ruddy, 2006). The annual GDP growth rate dropped below 1% along with the significant downturn in U.S. housing and the stock market. From 2002, the economy started to recover from the recession: the GDP growth rate slightly increased every month, the monthly house price index increased and the SP index increased with an approximate one year lag. The year 2002 and 2003 are the â€Å"golden age† of recovery. The annual GDP growth rate increased to 2%-3% and the housing price index increases significantly with a slight increase in stock prices in 2003. Interestingly, although the GDP growth rate and the house price index started to increase in 2002, the stock marke t remained in recession until the end of the year. Consumer Confidence is an economic indicator, which government should take specific actions to improve to accelerate the process of economic recovery. People’s confidence in the economy or their personal financial situation will significantly influence their purchasing decisions. A booming economy is likely to generate a belief that current financial investments will gain valuable profits in the future; a strong trend inShow MoreRelatedBrics, India, China And South Africa1451 Words   |  6 PagesI. Introduction The acronym of â€Å"BRICS† refers to a group of five emerging economies - Brazil, Russia, India, China and South Africa which represent nearly 30% of the earth’s surface and 40% of world’s population . 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Cognitive decline in older adults, and its impact i. Cognitive decline, particularly dementia, remains among the most frightening and baffling

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