See the details Article Example | Topics and Well Written Essays - 500 words

See the details - Article Example Factors that contributed to low economic growth include slow inventory gains and abnormally cold weather experienced in the second half of the previous year. The pace of growth in domestic demand was found to be 1.5 percent in the first quarter which was slightly below what it was in the forth quarter of 2013 due to volatile factors such as trade and inventory swings. However, it is evident that fluctuations witnessed in the current times do not portray a different trend from what had been seen in the recovery process since the Great Recession. The average quarterly economic growth rate has stood at 2.2% since the year 2009. The bleak future of economic growth is likely to impact negatively on the democrats in the forth-coming congressional elections. The prospects of the Democrats is closely tied to the voter attitudes toward the re-election bid of President Obama in which economic factors played a major role in determining the outcome. Another factor in the economic condition is on wage growth as a result of huge slack in the labor market. A report from the Bureau of Labor Statistics that was released previously on employment index indicated that the private sector wages as well as salaries during the first quarter had increased at a lower rate since 1980. The article further concurs that the recovery of the housing market were on a declining trend. This was evident on the second quarter of the 2013 in which private residential real estate investment had fallen by 0.2% of the total economic growth. Weather was found to be the main cause of decline in the recovery in the housing market. Corporate investment in equipment witnessed a sharp reverse growth in the first quarter of 2014 compared to the growth in the fourth quarter of 2013 leading to the slackening of the overall business investment translating into 0.4 % decline in the overall economic growth. Other factors resulting in deterioration of business

Professional Letter of Recommendation for MBA Admission Essay

Professional Letter of Recommendation for MBA Admission - Essay Example He worked as a planning intern with HoK Advance Strategies in 2008 where he participated in planning and managing major projects. The applicant manifested unique management, creativity, learning, training, and leadership skills compared to other RIYAD CAPITAL analysts of the same age and education. Indeed, he was the first to get a promotion among his peers where he became their manager, leader, and trainer soon after joining RIYAD CAPITAL. He was their mentor. His contribution was fundamental in our institution where we advised and closed on two IPOs. The applicant was phenomenon in coordinating schedule for IPO road show on behalf of clients and leveraging social capital with investors. This experience prepares the applicant for the MBA program. His long-term plan of developing his business and diversifying his business activities depicts his entrepreneurial mind. The applicant manifests immense strength in team building, conflict management, and leadership where he represented Saudi in the Mosaic International Leadership Development Summit. He also volunteered in community leadership where he assisted disabled students. The applicant is motivated to address his weaknesses in public presentation and conducting research that will prepare him for MBA projects. The applicant is learning how to conduct and analyze researched information. With these skills, the applicant is likely to achieve a successful professional career in MBA. Having come from a poor family background, the applicant struggled to access high quality education where he relied on sponsors and part-time jobs to fund his education. Nevertheless, the applicant has achieved much and gained fundamental skills through utmost dedication to his endeavors. I believe this spirit will propel him to great heights in his professional career. I have immense personal and professional regard for the applicant and I believe his academic qualifications, professional experience, and skills are sufficient and