The essay should apply economic analysis to a real world situation or

The should apply economic analysis to a concrete world situation or issue - Essay ExampleNonetheless, irrespective of the diverse challenges facing the orbicular economy presently, continental Europe poses the biggest threats to the process of the world economy (Economist, 2014).Presently Germ either is witnessing a fall in terms of growth. Based on the contribution that Germany makes to the Eurozone, this means that the euro area allow head towards its third fadeout in a period of six years. Irrespective of the efforts that the leaders of the Eurozone have made to boost the growth of the sphere and save the dominant currency, they have ended up wasting two years without any progress (EurActiv, 2015). Italians and the French have for instance embarked on introducing structural reforms while Germans have supposed tightness of operations, and these efforts have not been effective in boosting growth in the region. In the European region, more than ogdoad countries are witnessing falling prices. The overall rate of inflation has gone down considerably to about 0.3 percent, and will deteriorate further in the coming years. The Eurozone comprises of about one-fifth of the global output. Thus, with the rate at which the region is witnessing deflation and stagnancy, it is likely that this effect will prevail in different parts of the world, leading to global stagnation in the coming years (Los Angeles Times, 2015).Despite the effect being felt in Europe, several optimists twain outside and inside Europe refer to the example of Japan. During the late 1990s, Japan witnessed a major deflation, which has acerbic effects. This deflation did not have the major influence on the country or the world. However, based on the events winning place in the Eurozone, it is apparent that more dangers will emerge. Unlike in the case of Japan, the case of the Eurozone is not secluded. From America to China, the rate of inflation is considerably low and falling. Unlike Japans c ase, whose society is