Project: Economic Forecast
This project will focus on writing about a current event in an economic forecast. Economic forecasting can involve estimating the value of the GDP. Effective planning and policies depend on accurate forecasts. Companies need sales forecasts, and governments need forecasts of unemployment, inflation, and GDP. Forecasting is an important part of economic measurement. The task is to first find an article that presents a forecast of the economy’s performance in the next three months to a year and then to write a summary of the article. In your summary, you should discuss what is predicted and the evidence that is provided to support the claim.
During this project, you’ll accomplish the following:
Find an article that deals with economic forecasting and write a summary of the article. If you use the Internet, include the link you used as a resource.
Use the Internet to find an article that presents a forecast of the economy’s performance in the next three months to a year. Once you have found and read your article, record your summary using the following format in the box below and include the link. Be sure to include the URL links you used as resources in the space below.
Paragraph #1 – Summary of article including the link.
Paragraph #2 – How it relates to entrepreneurship.
Paragraph #3 – Your opinion of whether or not you agree with the prediction and the evidence provided to support the forecast.