MAEC by Yiyang Lin https://padlet.com/s10162890/vf1mi9uvlenc The objective of this project is to train you to analyse the economy of a country using the concepts learnt in Macroeconomics en-us 2017-11-04 12:44:22 UTC 2025-12-23 19:14:48 UTC hello@padlet.com Project Brief s10178360 https://padlet.com/s10162890/vf1mi9uvlenc/wish/206066356 With the country that you have in mind, each group shall select a maximum of 3 news articles that are related to macroeconomics concepts taught so far (e.g. GDP, Unemployment, Inflation, Keynesian Model).  The selected article(s) must be dated after 31 Aug 2017.  Please ensure that the chosen article(s) encompasses at least THREE topics with distinct economic issues that you could do your analysis on.  ]]> 2017-11-13 01:20:05 UTC https://padlet.com/s10162890/vf1mi9uvlenc/wish/206066356 Unemployment rates of Greece s10178360 https://padlet.com/s10162890/vf1mi9uvlenc/wish/206066765 Summary
Greece is making a recovery in terms of their once extremely high unemployment rate of 27.9 percent. (The average unemployment rate of a first world country is 4.6%)
Entire Population
Greece’s jobless rate, which hit a record high of 27.9 percent in September 2013, has been easing in recent months but is still the highest in the euro zone.
It is currently at 20.6% in August.
Youth
Among younger persons aged 15 to 24, the jobless rate eased to 40.2 percent from 45.2 percent a year ago.
Future Prospects
The Greek government expects unemployment to fall to 19% by next year.]]> 2017-11-13 01:23:14 UTC https://padlet.com/s10162890/vf1mi9uvlenc/wish/206066765 Inflation rates of Greece s10162890 https://padlet.com/s10162890/vf1mi9uvlenc/wish/206068355 Summary
The inflation rate of Greece is falling slowly but surely, with October being the weakest month. Greece is currently experiencing disinflation.
Year-On-Year 
Consumer prices advanced 0.7 percent year-on-year in October, slower than the 1 percent increase seen in September. 
This was the weakest rate in the current sequence of growth that started in January.
Monthly Basis
On a monthly basis, consumer prices rose only 0.1 percent, following September's 1.9 percent increase. Prices increased for two straight months. 
]]> 2017-11-13 01:34:41 UTC https://padlet.com/s10162890/vf1mi9uvlenc/wish/206068355 GDP of Greece s10179753 https://padlet.com/s10162890/vf1mi9uvlenc/wish/206070948 Summary
Greece fell into recession again last year however, it is said that there would be growth in 2017 and 2018.
Real GDP
Greece's Real GDP has dropped approximately 1.3% from last year. By comparing consumption rate from 2016 to current year, consumption growth rate has dropped by 0.3% from 1.4% to 1.1%.
However, household consumption and government expenditure has been increasing at an agonizingly slow rate, at 0.4% and about 2.6% respectively.
Projected Economy growth rate
The Foundation for Economic and Industrial Research (IOBE) think tank projects slower economic growth rate for Greece this year, at around 1.4%. GDP growth rates are increasing at a constant rate, so it suggests a slow, but sure recovery for Greece's economy.
Impact
Minor impact on other indices and fiscal figures. Greeks were made far poorer and consumption shrunk due to the years of difficult economic conditions imposed in exchange for bailouts. 

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