The assignment gives the opportunity to compare and contrast the business cycle

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The assignment gives the opportunity to compare and contrast the business cycle of 3 different countries and the state of the hospitality service industry. One of the 3 countries must be an oil-producing/mining country, like:
Afghanistan (mining), Algeria (oil), Australia (mining), Brazil (oil), Cameron (oil), Canada (oil), Chile (mining), China (oil), India (mining), Indonesia (mining), Iran (oil), Iraq (oil), Kuwait (oil), Libya (oil), Mexico (oil), Peru (mining), Russian Federation (oil and gas), Saudi Arabia (oil), South Africa (mining), United Arab Emirates (oil), USA (oil), Qatar (gas), Venezuela (oil).
For the other 2 countries, you can select your favorite (touristic) countries/destinations.
Analyse the key economic indicators during the four phases of the last business cycles, including GDP, and its components like consumption, investments, or government spending, show the unemployment rate as well, and the main sectors of the economy and the main drivers of the country’s exports. Show also the inflation rate, the exchange rate development and their impact on national tourism supply and demand, tourist flows, travelling behavior and hotel data in each of the three countries.
Finally show the contribution of the tourism sector/industry to the development of the GDP of the 3 selected countries. Indicate as well how the country’s GDP and the country’s debt level was impacted by the Corona-pandemic and economic lockdowns and by the disruption caused by the armed conflict at the Black Sea. Show the consequences of the higher energy prices as well. Show if in 2022/2023 the macroeconomic and tourism data have reached the pre-pandemic levels again.
Finally show the GDP-growth expectation of the three countries for 2023/2024.
For research: I think the IMF (international monetary fund) may be useful for you.
Then summarise the report by turning it into a PowerPoint presentation structured in the following way.
2. Table of Contents.
3. Executive Summary
3.1. States the aim of the project and the objectives sought
3.2. Outlines briefly the contents of subsequent sections
4. Theoretical Background
4.1. Shows a clear understanding of the 4 phases of the business cycle and its indicators like GDP, consumption, government spending, unemployment rate, inflation rate, export sectors, including hotel room demand and the hospitality and tourism sector). Show for example the low-turning point and high-turning point in the latest business cycle of the countries, in the years before the pandemic, the low-turning point during the pandemic, and if pre-pandemic levels have been reached again today, if the country was not affected by the armed conflict at the Black Sea.
5. Data Collection and Measures
5.1. User relies for example on macroeconomic data of the selected 3 countries.
5.2. Compare and contrast the data, including exchange rate and tourist flow and travel behavior, hotel data.
6. Key Results
6.1. Summarize the findings.
6.2. Discusses the results of the study that potentially provides evidence of the lack of diversification of the oil-producing country.
7. Implications and Recommendations
7.1. Confirms that oil-producing country needs to diversify the economy.
7.2. Acknowledges the potential benefits of investments in tourism/hospitality.
7.3. Provides a forecast of the GDP growth in the new year 2023.
8. References. List all references you used in your preparation of the project including the sources of the collected data and the preliminary literature review. All references must follow the RGU Harvard referencing system.

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