3 Economic Trends in 2019

1. 3 Economic Trends in 2019 A common myth among people is that an Economics tutor Singapore talks about things that have no relation with the real world. They think that Economics consists of arcane theories and complex calculations that hold true only in class notebooks or examination papers, but are far removed from reality. The reality, though, is quite the opposite. Every activity of our life can be explained in terms of some or the other economic theory taught in any A level Economics tuition Singapore. As we complete the first quarter of 2019, here are a few economic trends that we think will guide financial and political discourse globally. Globalization losing its sheen – This word globalization has been the favorite of economists, politicians, and even the layman for several years now. It envisaged a world without political and trade barriers where market forces will be the only ruler, and geographic boundaries will not hamper trade. But now there is a growing tendency among citizens and politicians globally to focus inwards and lift some imaginary walls around themselves. This sense of nationalism is commonly seen in the words and deeds of many world leaders today, and will impact several trade and economic policies of many countries. Crypto on its way to becoming passé – For the last few years, we have been inundated with discussions about the growth of cryptocurrency and how it will rule economic activity from here on. Till 2017, the value of cryptocurrencies like Bitcoin enjoyed phenomenal growth and some people made unbelievable returns by selling off their stash of bitcoins. But last year, reality bit and bit hard. Not only did the prices fall, but several governments around the world came up with policies and procedures that made cryptocurrency trading a tad difficult. Trade dictated by political policy – This is not a new development. A lot of the economic theories taught in any econs tuition bukit timah are seen to be slightly altered due to the prevailing political mood. But the manifestations of this old truism will be seen in new manifestations this year. There is a bitter struggle for supremacy between US and China. India is also flexing its muscles. Runaway inflation and political unrest in several South American economics is playing havoc with financial policies.    These factors have made Economics a subject that is more relevant today than ever before. It is not only a subject to be completed as a course, but also a subject that can provide some sense of what is happening around the world.