https://padlet.com/ownagersg/7nspgc0zzjdg Team Members : Sheng Chao, Gabriel, Aloyious , ZheTao, Hong Teng en-us 2017-01-02 07:22:37 UTC 2017-01-02 14:50:11 UTC hello@padlet.com ownagersg https://padlet.com/ownagersg/7nspgc0zzjdg/wish/144953628 - Inflation, GDP,  Business Cycle and unemployment rate

]]> 2017-01-02 07:31:18 UTC https://padlet.com/ownagersg/7nspgc0zzjdg/wish/144953628 ownagersg https://padlet.com/ownagersg/7nspgc0zzjdg/wish/144956352 Due to the economic downturn , hence causing a decrease in the crude prices. The Gulf government is then forced to decrease spending and delay projects.  This problem of the decreasing oil prices are affecting Dubai in a way that the demand for Dubai's exports to these areas are weakening ]]> 2017-01-02 08:54:09 UTC https://padlet.com/ownagersg/7nspgc0zzjdg/wish/144956352 ownagersg https://padlet.com/ownagersg/7nspgc0zzjdg/wish/144959116 There is a 35% drop in the online job postings due to the uncertainty surrounding the new oil production cuts by OPEC and the strengthening of the US Dollar. Hence, the UAE businesses are taking a cautious approach to growing their workforce. The business also face the problem of structural unemployment as employers state that their biggest challenge when recruiting is the lack of suitable candidates. An example of structural unemployment would be that companies face competition for talent from rival firms. Moreover, some of the causes of frictional unemployment is due to some professionals feel that there is no scope of progression within their current firms so they rather relocate and change jobs.]]> 2017-01-02 10:05:58 UTC https://padlet.com/ownagersg/7nspgc0zzjdg/wish/144959116 ownagersg https://padlet.com/ownagersg/7nspgc0zzjdg/wish/144960014 GDP]]> 2017-01-02 10:25:15 UTC https://padlet.com/ownagersg/7nspgc0zzjdg/wish/144960014 aloysius69 https://padlet.com/ownagersg/7nspgc0zzjdg/wish/144965077 The PMI of businesses across UAE, which measures economic health of manufacturing sector has dropped to its lowest since march 2012. However, their economy is still expanding. This means that the GDP of UAE is decreasing. The oil prices in UAE dropped by USD$80 per barrel to USD$30 per barrel. There is deflation. The government speding fell by 9.9% against the previous quarter. The government is following the Keynesian Theory as the government is by cutting expenditure when the oil prices decrease, since demand increases when prices decrease. Government thus cuts the expenditure so that the aggregate demand does not exceed the equilibrium.]]> 2017-01-02 12:10:44 UTC https://padlet.com/ownagersg/7nspgc0zzjdg/wish/144965077 leehongteng1999 https://padlet.com/ownagersg/7nspgc0zzjdg/wish/144967835 Due to recession, the unemployment rate has increased which will cause the GDP of the country to decrease as people are not spending as much and production capacity is underutilized. The article expects the economy to recovering in 2017 which may cause the price level to increase causing inflation. ]]> 2017-01-02 13:06:56 UTC https://padlet.com/ownagersg/7nspgc0zzjdg/wish/144967835 leehongteng1999 https://padlet.com/ownagersg/7nspgc0zzjdg/wish/144968907 “Inflation and cost of living are other concerns, coupled with stagnant salaries that have contributed to the exit of expatriates.” This will cause cyclical unemployment due to business cutting back on hiring]]> 2017-01-02 13:23:26 UTC https://padlet.com/ownagersg/7nspgc0zzjdg/wish/144968907 aloysius69 https://padlet.com/ownagersg/7nspgc0zzjdg/wish/144969267 Companies in the region are anticipating a slowdown and are streamlining their operations. So the government has stagnated the creation of new jobs. (Government measure)]]> 2017-01-02 13:29:09 UTC https://padlet.com/ownagersg/7nspgc0zzjdg/wish/144969267