Should you buy or sell stocks?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
Should you buy or sell stocks?
Time left 0:29
GDP numbers from the EU in the morning showed that many
countries were back in contraction in the final quarter of last
year. Countries that are dependent on tourism saw overall a
bigger slump, although Spain was able to defy expectations for
a fall and grew 0.4%. The French economy shrunk by 1.3%, but the
hardest hit country was Austria (- 4.3%) a, as the start of winter
tourism season fell flat.
While the coronavirus situation improves in the UK, I expect
the harsh restrictions to at least last till mid-February and
more likely till the end of Q1 2021, resulting in a recession of
the UK economy.
Canadian GDP figures for November came in better than
expected (+ 0.7% vs. + 0.4% MOM) which shows that the
Canadian economy is dealing with the pandemic better
than its big brother the US and Europe.
Saudi Arabia will cut 1 million bpd of its oil production over
the next two months.
Transcribed Image Text:Time left 0:29 GDP numbers from the EU in the morning showed that many countries were back in contraction in the final quarter of last year. Countries that are dependent on tourism saw overall a bigger slump, although Spain was able to defy expectations for a fall and grew 0.4%. The French economy shrunk by 1.3%, but the hardest hit country was Austria (- 4.3%) a, as the start of winter tourism season fell flat. While the coronavirus situation improves in the UK, I expect the harsh restrictions to at least last till mid-February and more likely till the end of Q1 2021, resulting in a recession of the UK economy. Canadian GDP figures for November came in better than expected (+ 0.7% vs. + 0.4% MOM) which shows that the Canadian economy is dealing with the pandemic better than its big brother the US and Europe. Saudi Arabia will cut 1 million bpd of its oil production over the next two months.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Bond
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education