Modern Economy: A Comparative Analysis of Economic Indicators

This report provides a comprehensive analysis of macroeconomic indicators, focusing on GDP per capita, GDP growth, inflation rates, and unemployment rates in Australia and several European countries (United Kingdom, France, Germany, Spain, and Portugal) from 2000 to 2017. The report begins with data collection and analysis, presenting the data in tables and figures sourced from the World Bank. Task 1.1 analyzes GDP per capita trends, highlighting Australia's growth and comparing it to the selected European nations, discussing the impact of the global financial crisis and internal debt crises. Task 1.2 examines GDP growth rates, unemployment rates, and inflation rates, providing insights into economic expansions, contractions, and their impacts on the labor market and price levels. Task 2 explores economic policy, focusing on cash rates and key interest rates, and analyzes the effects of monetary policy actions within the context of the collected data. The report offers a comparative perspective, identifying similarities and differences in economic performance across the selected countries, and discussing the influence of various economic events and policies on the observed trends. The report is well-structured, including tables, figures, and references to support the analysis.