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Essay / Research Paper Abstract
This 5 page paper looks at the economic forecasts for the US for 2010 onwards, including GDP growth, unemployment, inflation and oil prices and uses these forecasts to the impact on the medical transportation industry. The bibliography cites 6 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEformedical.rtf
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Unformatted sample text from the term paper:
as ambulances, it an essential service, and as such the impact in terms of demand changing as a result of the changes in the economy may be reflective of its
inelastic position, but there are many potential ways that economic forecasts may impact not only on demand, but on operations and development of the industry. The forecasts for the
global and the US economy are positive, there is a positive growth expected in the GDP. The IMF are predicting teat the real GDP growth for 2010 will be 2.1%
and 2.4% for 2011 (IMF, 2010). Therefore there is economic growth, but it may be noted that this is not as fast as the overall global economy which is projected
at 3.9% and 4.3% for 2010 and 2011 respectively (IMF, 2010). The higher levels are seen in the developing economies where there is more potential for growth, in areas such
as China and Asia where growth rates are as high as 9% (IMF, 2010). Goldman Sachs also expects there to be growth, with the global growth to be in the
region 3.8% for 2010, and for 2011 expected to increase to 4.5%, making it slightly more optimistic than the IMF. They also forecast the US economy to grow by 2.1%
in 2010 and 2.4% in 2011 (Goldman Sachs, 2009). There does appear to be an agreement regarding growth in the economy. However, we can also look at consumer spending,
this is not expected to increase at the same, rate with forecasts showing a more conservative approach of 1.6% for 2010 and then an acceleration to 2.3% increase in 2011,
the Katter of which may help to stimulate jobs (Scotia Bank, 2010). The rate of unemployment is high, and with better forecasts it is expected to improve, however, the
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