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How is the state of my economy right now?

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Kakatiya
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Post: #1
How is the state of my economy right now?

How would you evaluate my nation's economy as it currently stands? What are the good, and what are the bad? What should I change and do differently?

My nation Kotta Telangana has reached 9% inflation, and real growth has slowed down to 1-2% per quarter. Living costs have risen quite rapidly, so that my increases in welfare payments each winter seem to be largely negated by inflation. I have a large fiscal deficit and a rapidly expanding national debt (debt rate increases ~0.5-1.0% each quarter), but there doesn't seem to be an accompanying expansion anymore. I am also having difficulty raising my influence, as popularity and int. reputation seem to be quite arbitrary, and my ideological play-style does not permit accumulation of power.

19.12.2015 03:20
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Ajay Alcos
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Post: #2
RE: How is the state of my economy right now?

TBH it's too early to tell. All I can say with certainty is that your budgetary deficit isn't a problem in the short-term considering you have a very low debt-to-gdp ratio. The only major tweak I would recommend is that you increase tariffs to around 5.5 - 6% (depending if your currency's value remains stable) to balance out your trade deficit and as a way to better control inflation. You could also potentially make use of the massive growth in private consumption by upping excise as a way of increasing your revenue base. Other than that your state is on the right track.

This post was last modified: 19.12.2015 05:00 by Ajay Alcos.

19.12.2015 04:57
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Helsworth
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Post: #3
RE: How is the state of my economy right now?

Congrats for improving your GINI, your safety stats & reducing the mortality rate. Don't be hard on yourself with the unemployment rate, though - the template mechanics are really stubborn in that aspect.


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23.12.2015 16:41
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Burkean
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Post: #4
RE: How is the state of my economy right now?

Helsworth is right, you are doing well so far. Having a near "average" unemployment and a much higher GDP than average is not easy in the smaller templates.

25.12.2015 03:25
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