The following information is HYPOHTHETICAL. You are not expected to use real sources related to your assigned country
Sierra Leone is a low-income income country in West Africa. For the past 5 years, Sierra Leones GDP has experienced a steady growth rate of roughly 3% per year over the previous 5 years, although it is still below potential GDP. Inflation in Sierra Leone has increased from 4% 6 years ago, to 7% last year. During the same period, unemployment has fallen from 14% to 11%. Sierra Leone has also seen an decrease in its debt to GDP ratio from 60% to 56% over the last five years. Sierra Leone has an aging population. The proportion of Sierra Leones population aged 65 or older is projected to double by 2050, although the current percentage of the population aged 65 or older is only about 4%. Sierra Leone operates a fixed exchange rate.
Advise the Sierra Leone Government and central bank on appropriate macroeconomic policies, taking into account the short, medium and long run.
This is a short synopsis of the current performance of an economy. You are asked to analyze this economys performance, appropriate macroeconomic policies, limitations to the success of those policies and the economys future prospects.
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