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  3. Write a report of 300 - 350 words in English, describing, comparing and analyzing the situation of the global economy between 20

Write a report of 300 - 350 words in English, describing, comparing and analyzing the situation of the global economy between 20

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问题 Write a report of 300 - 350 words in English, describing, comparing and analyzing the situation of the global economy between 2008 and 2012, and forecast for 2013 -2014, by IMF and QNB Group. Your writing will be assessed for language, format, structure, content and length. Write your report on the ANSWER SHEET.

Notes:
Sub-Saharan = Sub-Saharan Countries
GCC = Gulf Cooperation Countries
IMF = International Monetary Found
QNB Group = Qatar National Banking Group
选项
答案 The graph illustrates seven economies’ changes of real GDP growth rates between 2008 and 2012 and gives a prediction for the future economic growth rates of 2013 and 2014 based on the information provided by International Monetary Fund(IMF)and Qatar National Banking Group(QNB Group). As can be seen from the graph, developing economies like China, Africa, GCC countries and Emerging Markets showed a stronger momentum of economic growth than developed economies such as Japan, United States and European countries. Due to the global economic crisis in 2008, all real GDP growth rates decreased significantly. Emerging Markets suffered severe damage with real GDP growth rate dropping from 8% to around 0.4%. Although the economic crisis was severe, leading developing economies still kept growing after 2008 and achieved economic bounces later. It is noticeable that China performed best in boosting economy and developed at the highest pace in recession. In comparison, real GDP growth rates in developed countries were negative in the very beginning of 2008 and then became worse till 2009. The real GDP growth rate of Japan in 2009 reached its lowest point at nearly -6% , and the statistics of United States and Euro area were respectively about -2. 5% and -4%. Fortunately, the year 2009 became the turning point for all the economies as their real GDP growth rates showed a sign of economic recovery. In particular, Japan bounced dramatically off the bottom in 2010, with the real GDP growth rate soaring to approximately 4. 2% . However, from 2010 to 2011, every economy except GCC countries experienced a relatively small recession. In 2012, real GDP growth rates of developing economies declined slightly, while by contrast, the growth rates of developed economies fluctuated marginally and ended up with a negative increase in Euro area. It is estimated that from 2013, most developing economies will witness a continuous increase in their real GDP growth rate except Emerging Markets. As for developed economies, Euro area will be the only one that is estimated to be better off in terms of real GDP growth rate while the real GDP growth rates of Japan and United States are forecasted to be steady. In addition, all the economies are predicted to show an upward developing trend in 2014.
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