Macroeconomic Forecasting Essay

Perform a macroeconomic forecast to the best of your ability with support from information currently in the news. Find eight to twelve (8-12) worthwhile articles about it from either newspapers or news (including business) magazines, credible blogs, research institute reports, government reports, or peer-reviewed articles. The textbook and sources of data or charts do not count toward the 8-12 references described here. You may substitute appropriate websites—but you want to be very careful of bias and reliability of information.Write an essay that is less than 3 pages in textual material. Title page, reference list page, and appendices with exhibits do not count toward the 3-page maximum. The instructor strongly urges that students follow the APA Style Manual, but any consistently applied style standard can be used.This short 3-page essay will outline and explore a forecast of the U.S. economy. It should demonstrate your mastery of the course material by your explanation of numerous topics and issues. This may include among other things:• A forecast of the U.S. economy or the global economy1. Describe current conditions, fluctuations, and trends.2. Think about how one or the other of the four components of GDP (consumption spending, investment spending, government spending, and next export spending) are trending and why.3. Think about other indicators that seem to help predict trends in important macroeconomic variables.• A prediction of likely U.S. federal government and Federal Reserve policy actions.1. Think about what policymakers are likely to do—from theory or from news reports.2. Think about what they should do; make a recommendation of U.S. government policy actions.• An analysis of the likely outcomes of various trends identified with some special attention to U.S. government or Federal Reserve policy actions.• If you are ambitious, describe the implications for a particular business or industry.Your forecast should use the key concepts and terminology of macroeconomics within your presentation. You should rely on textbook definitions, explanations, and analyses—but always remember application,rather than regurgitation. is important.