Overview

A logical and effective technique, the monitoring of GDP growth or contraction, has come to light. Many countries invariably do not have sufficient financial resource to manage their economy. However, the time has come to embrace a new strategy that can boost revenue. Clifton Chambers discovered a mathematical relationship between GDP growth or contraction and projected GDP growth or contraction. This means countries can now consistently achieve or improve upon their GDP growth targets. They would then have larger and more consistent cumulation of funds available than they otherwise would have had and could then further improve the living standards of their citizens, especially the poor. In addition, Clifton developed an easy to use VBA Excel spreadsheet (accessible through a link in Introduction ) that uses this mathematical relationship to automatically calculate and display the figures to be used in monitoring. With this book you will also be able to: Easily use the VBA Excel spreadsheet to monitor the GDP growth or contraction for any country of your choice Predict from early the likely-hood the country of your choice will achieve or improve upon its GDP growth target Know the steps stakeholders should take when necessary to get their economy back on track as early as the next quarter Identify the 4 main scenarios favorable to achieving the projected GDP growth Identify the 3 main scenarios unfavorable to achieving the projected GDP growth Monitor and assess data related to a favorable or an unfavorable scenario and make a prediction on the likelihood of the achievement of the relevant forecast GDP growth Monitor and assess, then predict the likelihood of Jamaica achieving the 5% GDP growth in 4 years (Jamaica Observer, 2018) (case study) Use the IMF's GDP growth forecast (2019 - 2021) (International Monetary Fund, 2020 a) (pre-covid-19) for the US as well as the BEA's actual GDP growth for 2019 (Bureau of Economic Analysis, 2020) to monitor and assess, then predict how likely the target growth of 1.7% in 2021 would have been Use the IMF's world GDP forecast (International Monetary Fund, 2020 b) (pre-covid-19) for 2019-2021 to make preliminary assessment on whether the target growth of 3.4% in 2021 would have been likely to be achieved Use the VBA Excel spreadsheet to make a revised target GDP growth if the initial target growth of 3.4% was not likely to be achieved. Demonstrate how stakeholder agencies who make GDP growth forecasts, can use the VBA Excel spreadsheet to improve their GDP growth projections Just before and during a recession, know the initial steps to take before monitoring, assessing and making a prediction on whether the forecast GDP growth will be met or contraction not exceeded Make recommendations about the US GDP growth or contractions and whether the growth forecasts made by the IMF are likely to hold, based on (1) the IMF's initial revised GDP contraction of 5.9% for 2020 (International Monetary Fund, 2020 c) and (2) the IMF's second revised GDP contraction of 8% for 2020 (International Monetary Fund, 2020 d) About the Author Clifton Chambers is the author of the book A Key Economic Strategy. He graduated from the University of the West Indies (UWI), Mona, Jamaica with a bachelor's degree in Computer studies, obtained A+ in Business Economics, secured passes in GCE Advanced Level Pure Mathematics and Applied Mathematics (Equivalent of Further Mathematics), now studying ACCA Level III Accounting.

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