Question

Find an infographic that visualizes intriguing business-relevant data.

Look for the sources of the information and check to see if they are reliable.

Prepare a short report on your findings (with effective headings):

• How much statistical information is provided in the infographic?
• Is the purpose of the infographic clear?
• Is the information clearly presented, easy to read, visually appealing, and insightful?

350 words

Answer 1

The infographic by IMF in April 2020 of world economic outlook summarises perfectly business related information of the World economy, by stating the projected GDP growth rates. The sources are highly reliable as IMF takes data from specific national institutions which focus on data in order to estimate projections.

Severe impact on Advanced economies: Thus based on the infographic, Advanced economies are expected to be impacted severely because of the crisis and are expected to contract by 6.1% in 2020, this is expected to severely impact the businesses in developed markets. While emerging economies are expected to contract by 1% in 2020. Economies are projected to grow in 2021 with a positive growth rate, depending on the fact that the pandemic starts to decline in 2nd half of 2020.

The inforgraphic contains mostly statistical information to analyse how the Covid crisis is going to impact businesses all over the world at varying rates.

Yes, the purpose of the infographic is clear, as it focuses on the comparison between how the global economy is going to perform and how the advanced and emerging economies are projected to be impacted.

Yes, the information is clearly presented as one can easily infer that for 2020 there is a decline. It is also visually appealing as a different color scheme is used for the 3 market segments. It shows an indepth knowledge that at that stage, the IMF forecasted that the advanced economies and businesses were expected to be severely impacted due to Covid 19.