1. Evaluate the usefulness of economic forecasts to business, especially in the light of their indifferent prediction record. 2. Most business cycle literature refers to industrial countries, yet...

1. Evaluate the usefulness of economic forecasts to business, especially in the light of their indifferent prediction record.

2. Most business cycle literature refers to industrial countries, yet developing countries are harmed more than industrial countries by these economic fluctuations. Examine the GDP fluctuations in any developing country, analyse the causes and suggest policies to reduce their amplitude.

3. Show how you would present a macroeconomic forecast of the economy (choose between the US, German, French or UK economies) to other business people. What use, if any, could a firm make of such a forecast?