Economic growth and GDP by maharshi patel https://padlet.com/maharshipatel065/a558mvxped9a7qtl Maharshi Patel and Anmolpreet Singh en-us 2021-12-06 22:09:24 UTC 2026-01-28 17:22:37 UTC hello@padlet.com Overview of topic maharshipatel065 https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932288328 The most concerning things that a country has are economic growth and GDP. They are the most challenging subjects for any establishment or governing body. The good economic growth and stronger GDP reflect low inflation, unemployment, a better standard of living, and lower poverty. Higher the GDP better the exports and hence good makeup of the forex reserve. The forex reserves and high GDP numbers make it easier for a country to purchase a loan for infrastructure and development projects. Moreover, decent development and infrastructure bring prosperity to any country. Generally, economists consider 2-3% growth in GDP year by year a sign of a strong economy. This is an insight into what will be discussed in our paddle wall. I hope you all will enjoy and learn something new about it.]]> 2021-12-06 23:03:42 UTC https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932288328 Website #1 maharshipatel065 https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932353855 The website shares a piece of critical information about the bond interest rates. It shared an essential piece of information that Government of Canada bonds will be adjusted to $3 billion, which shows how good the economy is recovering. Moreover, it discussed the global recovery in GDP that has projected a 6.75% growth in 2021. It also means that the world is recovering from the pandemic. It also talked about the inflation rate will rise by 1-3%, which is good as it has been in the inflation-control range. In conclusion, the data reflected by the website summaries recent phases of economic changes in the world and Canada.

The monetary policy holds a vital role in the economic growth of any country. The website from the bank of Canada was chosen as a subject because it is Canada's reserve bank website, and its policies are followed all over Canada. It also provides the most accurate and relevant data for the topic. Moreover, the most exciting thing that is useful to know is that the rise in inflation has one reason for the price fall of some goods and services. This means that those goods and services raised prices and caused inflation to rise.]]> 2021-12-07 00:09:25 UTC https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932353855 Website #2 maharshipatel065 https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932407855 The second website that we chose shows Canada's diverse sector's contribution to its GDP. The most significant part of the GDP contribution is of the services sector. It has contributed almost 70% to Canada's GDP. It mainly comprises finance, real estate, leasing, and rental companies. It is better to be a service-based economy. The retail and wholesale sectors contributed around 12%, while health and public administration were 8% and 6% respectively. That shows a diverse and robust side of the Canadian economy.  

The reason for choosing this website is that it depicted the actual scenario of the Canadian economy, and the data was relevant and recent. This website also provides a feature of comparing GDPs of G20 countries, which was another reason to select this website. The valuable data that I found from this website are oil and mining of Canada contribute 4% in GDP, yet Canada is a net energy exporter.]]> 2021-12-07 00:50:39 UTC https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932407855 Website #3 maharshipatel065 https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932443119 The statistics Canada shows the data of the current quarter of the Canadian economy. It states that the Canadian economy grew 2.3% in the recent quarter and talked about shrinking it in 2020. It compares the best with the previous performance, which is the best way to compare the performance of the Canadian economy. The success can be calculated by how we have performed in the past. It also discussed the points like investments in the housing market continued to rise, now enjoying a 30.7% rise. The business investment slackness and the household spending edge down are also discussed. 

The reason for choosing this website is that statistics Canada is a government website, and it provides factual and accurate data about the economy. I felt the helpful thing in this website was the report on export and imports volumes, which can help us keep track of the stock market.]]> 2021-12-07 01:15:35 UTC https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932443119 Website #4 maharshipatel065 https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932481383 The last website that we choose is global news. It talked about the Canadian GDP in the month of the august and impact of the pandemic on it. It says that it has done well in the third quarter by giving 1.9% growth. Despite this fact, it has also shown a contraction of 1.1% in April and June. It has been stated that by easing the restrictions, restaurants and bars have shown an output of 5.4%, accommodation services and air transport grew by 11.3% and 24.2%, respectively. This was the impact of easing the restrictions. 

The reason for choosing this website is that global news is one of the most trusted networks in Canada, which shows relevant and accurate data. The most helpful thing that I came to know from this website is the disruption of the global supply chain, which is impacting global GDP. ]]> 2021-12-07 01:40:50 UTC https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932481383 Image #1 maharshipatel065 https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932500733 This picture illustrates the economic growth and GDP growth rates from 2018 to the forecasted outlook till 2023. As you can see, private consumption and government dropped the most due to the impact of the covid pandemic in 2020, which is bound to bounce back to normal levels. Whereas industries dealing trade will be walloped, and consumption around the world and some domestic consumption is still experiencing restrain due to the covid-19 pandemic, one of the other worrying signs is increasing debt, as borrowing surged remarkably in 2020 due to pandemic reaching 126.6% from 2019’s already high 92.7%, this all shows the current image of borrowing. ]]> 2021-12-07 01:53:09 UTC https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932500733 Image #2 maharshipatel065 https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932523756 This is the image of Canada's performance with their other fellows of OECD (Organisation for Economic Co-operation and Development) countries. It is a group of the most developed and prosperous countries. The image shows that the growth rate of Canada is lower by 12% than other OECD countries. Production is lowered by 18%, and also the employment rate was used to be high and growing before the 2020 crisis. This shows that we still need to work more and improve to grow. ]]> 2021-12-07 02:08:04 UTC https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932523756 Video #1 maharshipatel065 https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932548995  Canada's economy is categorized as a highly developed mixed economy, being the ninth largest in nominal GDP ( $1.88 trillion)  and the 15th largest purchase power parity ( $1.97 trillion ). The service industry dominates Canada's economy (70% of the economy ) and employs most Canadians. GDP per capita is $49,222. Canada has a 20.3 million labor force. Canada's total trade reached $1.5 trillion, including Import – $548 billion and Export - $453 billion. Canada has the third-highest total estimated value of natural resources, valued at US$33.2 trillion in 2019.
Canada's largest trading partners are the United States, China, the united kingdom, Germany, Mexico, and Japan. Real estate contributes most to the Canadian economy, 13.01% 
On the expenditure side, household consumption is the main component of GDP and accounts for 58 percent of its total use, followed by gross fixed capital formation (22 percent) and government expenditure (19 percent)
As we all know, economic growth has been significantly impacted by the pandemic crisis though it is rebounding. ]]> 2021-12-07 02:23:00 UTC https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932548995 Video #2 maharshipatel065 https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932577289 The second video shows how the Canadian economy is adapting to the pandemic restrictions and keeps moving ahead at a forward pace. Later it describes the possibility of the third wave and its impacts on the economy. The market is confused about the possibility of a third wave and unable to react accordingly. It also stated that the economy is recovering, but still, it will take time to recover fully. It also talked about the Bank of Canada to keep rates lower till everything recovers. 

The reason for choosing this website is the reliability and accuracy of the source. This video provided helpful information that the Bank of Canada runs the bond program to keep interest rates low, which indicates investing in the bond market.]]> 2021-12-07 02:40:12 UTC https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932577289 Video #3 maharshipatel065 https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932607250 Housing is one of the significant issues upheld by the general public, especially the young population, as an incredible backdrop to the economy; as real estate accounts for a 13.01% share of GDP activities, it is indispensable to focus on this building crisis. 

The video further states that the housing market has become an excellent way to invest money regarding how the prices are going high. Canadian investors find this market lucrative as it is a more stable way to invest money. This continues, and a 25% increment in this market is seen this year. If this market collapse, then it will hit hard GDPs performance.

The reason for choosing this video is to reflect Canada's current housing market conditions and possible outcomes of corrections in it. The most helpful thing in this video I found was the possibility of a correction in this market. 
]]> 2021-12-07 02:59:36 UTC https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932607250 Video #4 maharshipatel065 https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932635389 The fourth video shows the statistics and the number of the Canadian economy. The Canadian economy is considered $1.6 trillion US dollars in 2020. It also said that the per capita income is $46,460 US dollars which is most likely four times higher than the rest of the world. It also described the diverse area of workforce engagement. Most workforce is engaged in the services sector followed by industrial and agricultural. The later exports of Canada have discussed around 390 billion US dollars. 

The reason for choosing this video was to demonstrate the statistical data from an economic perspective. This data had a helpful piece of information that stated that Canada has a 15.9% trade deficit that needs to be resolved. This means Canadians have a chance to grow their homegrown industry, which can help to reduce the trade deficit. ]]> 2021-12-07 03:18:28 UTC https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932635389 1. What did you learn about your topic that surprised you the most? maharshipatel065 https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932648771 The topic of the economy and the growth rate has revealed fascinating facts in front of me. There were various points about the countries economy that I didn't know before. The countries' GDP growth and economic growth by linking them with inflation and changing global market dynamics have fascinated me. The world is changing rapidly, and making business-friendly policies has significantly impacted us. The policies of the Bank of Canada of running bond programs to stabilize the interest rates show the sign of the responsible government who tries to keep everything at equilibrium. I have learned how to maintain a good balance and progress further from this topic. ]]> 2021-12-07 03:27:47 UTC https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932648771 2. Provide a real-life example of how this topic is relevant or interestingfor you. maharshipatel065 https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932672953 This topic is interesting and helpful because it has shown me how GDP and economic growth progress. These are the topics that are the pillar for any nation. For instance, I will talk about how I use my analyzing knowledge of economic growth and GDP used in the stock market. I help myself decide the best area to invest my money in by reading and researching the economic development of any country. Economic growth allows us to read any country's net imports and exports, which forms a basis of the stock market. The government effort to keep interest rates low by buying bonds helps us know how and when to invest money. This topic also provides a good insight into how one's country is doing and helps to keep track of economic growth.]]> 2021-12-07 03:44:37 UTC https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932672953 3. If you could pass on your knowledge to a family member or friend, what do you think is the most important thing to pass on? maharshipatel065 https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932686504 If I try to pass my knowledge to close one, I will try to teach them about different sectors of the economy. The most exciting thing that I will teach them is the bond market—how the federal bonds decide the interests rates and how they affect inflation. The growth in GDP means higher returns on investment. I will also convey that higher GDP and lower population result in higher per capita income. I will try to keep the lesson simple and easy to understand.]]> 2021-12-07 03:55:01 UTC https://padlet.com/maharshipatel065/a558mvxped9a7qtl/wish/1932686504