Read the following scenario and complete the tasks given below:
Oman’s economy is expected to grow by 5.5 per cent in 2023 as compared to estimated 5.0 per cent growth in 2022, mainly due to increase in oil and gas production, according to the estimates released by the Ministry of Finance. In foreword in the 2023 budget document, H E Sultan bin Salim al Habsi, Minister of Finance, said, “The world is facing significant economic and geopolitical challenges which adversely affect energy prices and supply chains, leading to high inflation rates and growing global debt risks. Oman is not immune from such challenges which may affect our economy.” Oman’s real GDP grew by 4.5 per cent in the first nine months of 2022, reaching RO26.3bn compared with RO25.1bn in the same period of 2021, according to latest data from the National Centre for Statistics and Information (NCSI). The International Monetary Fund (IMF) recently said that Oman’s economic recovery is gaining traction as higher oil prices, fiscal consolidation measures and progress on structural reforms are supporting a post-pandemic recovery.
You are required to complete the following tasks:
a. Maintain a digital file / journal / scrapbook of economic news to cover the Oman real GDP in the last 10 years and highlight supportive measures initiated by the Government.
Secondary data has to be collected from good sources (World Bank, IMF, Government Ministries etc.,).
b.A minimum of (10) data items should be included along with the source and date. Relevant commentary should be written reflecting a clear understanding of the economic implications and significance of the news.
c. The digital news journal should be submitted as an attachment to a written report.
d. You are required to write a report of 1500 words based on the findings concluded from the collected news. In the report you should relate the concluded findings to your knowledge of the macroeconomics concepts and to the international economic environment.
e. You should write a title for the e-journal. The title must be related to the contents you are narrating.
What do I need to do to pass? (Threshold Expectations)
In order to pass this assessment, you need to prepare an e-journal that includes all the required information as mentioned in the task.
The e-journal should be clear and adequately patterned and designed. Content arrangement should be clear and adequately help the viewer to understand without narration.
Your understanding of the issues should be clear in the commentaries provided below each piece of news. You are also required to submit a written report of 1500 words, discussing your findings and highlighting any support provided by the Omani Government.
The report should be based on the news collected and should be related to your knowledge of macroeconomics and the international economic environment.
The e-journal should be submitted as an attachment to the written report.
The assessment 2 should be one single document (preferably word document). Report should be followed by the ejournal as an appendix.
Format of the Report.
Introduction
Discussion of the given tasks
Recommendations
Conclusion
References (Harvard Format) ( 5 references )
Appendix
Format of the E Journal.
(Minimum of 10 items)
Item No 1: GDP of Oman in 2022 as per World Bank Report
Source: World Bank national accounts data accessed on May 14, 2023
Uncategorized
Read the following scenario and complete the tasks given below: Oman’s economy
- Posted
- AuthoradminX
- Length532 words
- Reading time3 min
Make your next academic task easier to manage
Tell us what you are working on and take the next step with Treatisely.