The Economic Breakthrough - How to Monitor GDP Growth or Contraction and Boost a ...

GDP growth or contraction is to a country, what profit or loss is to a company. However, to optimize GDP growth, a country needs to achieve or improve upon its GDP growth target. Your country could then consistently accumulate more funds than it otherwise would have had, thus laying the foundation for further improvements in the standard of living of its citizens, especially the poor.

It has been officially declared that your economy is projected to grow by x% or to contract by y% at the end of the year. Wouldn't you want to know in each quarter, whether your country is on track to achieving or exceeding its projected GDP growth of x%, or not exceeding its projected GDP contraction of y% at year's end? Wouldn't you like to know the short-term steps your government should take to get the economy back on track when required? Wouldn't you like to select any country of your choice, then find out if it is on track to meet its GDP growth target?

Clifton Chambers discovered a mathematical relationship between GDP growth or contraction and projected GDP growth or contraction that makes all of the above and more possible. He has also developed a free, easy to use VBA Excel spreadsheet (accessible near the top of the Introduction of this book) 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 facilitate the monitoring of GDP growth or contraction
  
• 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)
  

Note: Precovid-19 figures are important not only for learning purposes but are applicable to normal economic times.

About the Author
Clifton Chambers is the author of the book The Economic Breakthrough. 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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