Attached. Please let me know if you have any questions or need revisions.Global Economic Analysis and Forecasting for Apple and Microsoft – OutlineI. BackgroundA. Following the Covid-19 outbreak, there has been a variety of unprecedentedimpacts across the global contexts that pose formidable challenges to the involvedpolicy makers as well as to the empirical analysis of the profound implications.B. Therefore, global economists are obliged to identify the unprecedented shock,consider cross-country spillovers, ways of accounting for the pandemic’s lineareffect, and quantifying the uncertainty associated with forecasts from theunprecedented nature of the pandemic.II. Global EconomyIII. World Output and GDPA. In the past year, the world output declined by 4.3% which is higher than the rateat which the output shrank during the global financial crisis in 2009.IV. UnemploymentA. Because of the pandemic, there was a severe crisis revolving around the aspect ofunemployment.V. ForecastingA. The long-term consequences of the pandemic are bound to be more severeconsidering that automation, digitization, and robotization are continuing to growwhich means that there will be a further depression on the demand of labor withinthe medium term.B. Although the economic challenges posed by the pandemic are devastating to theglobal economy, there is a potential outlook for recovery which will be gradualespecially on the GDP.VI. Company Overview and AnalysisVII.Apple Inc.A. Apple Inc. is based in Cupertino, CA and as a powerhouse company across theinformation technology industry, it offers a vast array of products including;tablets, computers, cellphones, and wearable devices among others.VIII.Microsoft CompanyA. Microsoft Company is renowned for the significant part it plays across thesoftware industry with a total of 168,263 employees globally and annual revenuesof over $32 billion (Lun & Zhao, 2015).Running head: GLOBAL ECONOMIC ANALYSIS AND FORECASTINGGlobal Economic Analysis and Forecasting for Apple and MicrosoftNameInstitution1GLOBAL ECONOMIC ANALYSIS AND FORECASTING2Global Economic Analysis and Forecasting for Apple and MicrosoftBackgroundFollowing the Covid-19 outbreak, there has been a variety of unprecedented impactsacross the global contexts that pose formidable challenges to the involved policy makers as wellas to the empirical analysis of the profound implications. In an interconnected world economy,the aspects of supply and demand have been disrupted by the outbreak of the pandemic. Fromthe demand side, firm’s investment and household consumption have been reduced following theloss of income and layoffs from quarantine, reduced mobility, and unemployment. On the otherhand, supply disruptions have been influenced by reduced productivity and labor supply causedby infections as well as social distancing. As such, the pandemic has exacerbated the risksassociated with long-term debt accumulation which is likely to inhibit the potential economicgrowth over the next decade. According to the World Bank Group, it is imperative to makeappropriate and effective investments to support recovery and foster resilience thereby shapingthe future prospects by establishing a foundation for a sustainable, equitable, and durableeconomy (Chudik et al., 2020). The uncertainty associated with the magnitude, impact, andduration of the pandemic has the potential of inducing a cycle of tightening the financialconditions that could result into the loss of investment and jobs. Therefore, global economists areobliged to identify the unprecedented shock, consider cross-country spillovers, ways ofaccounting for the pandemic’s linear effect, and quantifying the uncertainty associated withforecasts from the unprecedented nature of the pandemic.GLOBAL ECONOMIC ANALYSIS AND FORECASTING3Global EconomyWorld Output and GDPIn the past year, the world output declined by 4.3% w…
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