Question

In: Economics

Summarize and highlight the current international and economic conditions of both the U.S. and Russia

Summarize and highlight the current international and economic conditions of both the U.S. and Russia

Solutions

Expert Solution

US INTERNATIONAL AND ECONOMIC CONDITIONS-

The present economic and international condition of United states is upto the marks and will be profitable in the coming years also. Their economic conditions is healthy and upto the marks. Every year theirGross domestic products (GDP) increases around 2-3 percent. But coming to the international market they make risks due to tariffs implied by chinease government on import. I timely employment policies are raised by the government for those who are willing to work but are not able to find the work which result in maximizing higher employment rate in their country. Their growth in labour productivity up till 2018 has also increased upto around 0.5-1 percent. They also emphasis the public to spend most on the private assets as well as capital expenditure so as to improve their economic conditionas as higher the amount of cash flow in the country higher will be the Gdp Of the country. The downfall which seems to be now a days is the oil rate has increases upto 2-3 percent US due to iran and US conflicts.

RUSSIA INTERNATIONAL AND ECONOMIC CONDITIONS-

The international and economic conditions of Russia is almost same as America . They also rage a healthy conditions in their country. The best part is they have increased their country's GDP to around 2.5 percent in 2018 and the main reason was the construction of the energy which provided them enormous amount of economic growth. But Russian government spends less on health and education of the people. Which also results in poverty in their country. Poverty rateremains almost same every year their is no increase or decrease in their poverty. But due to poverty their employment rate decreases. Their lending rates of central banks are getting reduced day rapidly and the main reason for this downfall in lending rate is the fall in inflation which is almost around 15 percent. Even the price of oil barrels have gown down their banking companies expects the contract for this year around 0.7-0.9 percent which is almost half of recent years. Their balance of payments is also not that upto the mark. Exports are less than imports

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