Economic overview a case study

 

Forecast

    I will share my personal experience with an example of a utility bill. The bill for this month is rounding $ 153. Last year it was around $85 almost doubled after exactly one year. What does it indicate? Energy prices rising more contributes to the cost of production getting higher. This phenomenon will decline demand for our products, thereby making our competition failure in International Market. This has an impact on the production side and will eventually fall hence, exports graph arrows will bow downward steadily.

  Now a country whose exports are lower than imports is already in an economic war. Thus import bills will start hiking Mountain, the trade deficit will open hands and will welcome the storm to borrowings from International agencies it may be World Bank or IMF, or any development organization. The tenure is under unemployed and lowers purchasing power which showers its curse of deficit in the budget. This will force the government to leverage the deficit. The general public will enjoy higher and new taxes imposition thus, making their lives harder.

   In this situation of chaos, uncertainty will turn strong pressure on the forex, and law and order in the country will make it more vulnerable to economic war. The political instability will rise and crises will welcome intervention by groups that are against this nation's prosperity. The sovereignty of the country is at stake.

Concluding, we are near to disaster more openly total catastrophe. This was the case of an individual and the topic was random I describe my views for the best understanding of the phenomena. But the story overall is to take serious decisions before the time of collapse arises.

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