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Sample Article Review Paper on Current Event 3

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Sample Article Review Paper on Current Event 3

In the article, Mark Thompson starts with a summary of the article by use of a graph condensing all the words to be used in the article to information that can be understood at a glance. It shows how the world G.D.P has gone down, then constant, and then predicted to go up with 0.5% between 2012 and 2015 which gives the reader a rough idea of what the article is about.

            He then outlines how the world economy is still in trouble even after trillions of dollars have been pumped back because there still remains a looming possibility of another recession in the near future.

            Then he delves into some of the countries and continents that are most vulnerable to a recession like Europe with almost record highs of unemployment and the Middle East undergoing turmoil which could affect global oil prices. He points out to the extent of the seriousness of the problem when how mentions Germany which is the leading economy in G.D.P growth and how it has drastically reduced its industrial production because there is no market for its export products.

He goes on prove the extent of the problem by showing how those economies that will be experiencing growth will do so in very small percentages like Euro-zone at 0. 8%, Japan 0.9% and Brazil at 0.3%. With those growing at a faster pace like the U.S and U.K still not growing at the pace they used to a decade ago. He however does not mention what their growth rate was a decade ago, and whether he does this willingly so as to neutralize the seriousness of this issue or not is not clear.

Conclusion

            He basically is saying that the central banks should stand prepared to bail out if need be for as long as there is a looming world recession at hand( Noël , 102).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Works cited

Merino, Noël. The World Economy. Farmington Hills, MI: Greenhaven Press, 2010. Print.

                                    

 

 

                                                                                        

 

                                                                                                   

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