Question

Rate the current global economy between 1 and 10 and support your rating. How positive do you feel that the economy will improve or get worse over the next 5-10 years? Why?

Answer 1

Global economy is much big and complicated than Nations economy. Considering the current situations in the global economy i would rate it 6 points out of 10.

Lets take current scenario of US-CHINA trade war which is affecting all the nation's who are connected to them in economic activities. But this is natural in global economy .In the recent years has become a giant supplier of cheap good and services. Which is trouble for the existing developed countries. China & India are most in most growing counties now. They will be in the top competition now. Asia is doing great in the economy exeption of some countries.

While in the middle east there are always some ups and down in their economies as they are totally dependent on the oil market. Syria is going from biggest trouble.And the refugee are going to Europe to save their lives .While in Europe they are going through the brexit. Europe is more prosperous than other continent's.

America has just came on the track from the depression of 2008. But then also some political constraints can make some changes in the economy. All economies are trying to more open and capitalistic , Even russia is involving the global economy.

The IT industry And mobile industry are on their top edges. They will grow more in upcoming days. The technology has changed every pattern of economy. Now its viery difficult to predict the future. No one knew there will be millions of Computers and Mobile phones in the just some decade ago.

economy will prosper in upcoming period of 5-10years. But there is big concern of environment , all economies have to develop in sustainable way. We can't aside the environment while growing up in economies. Keeping the environment in mind growth should be done. What we can do is hope for the best.