Office of the Comptroller General

[Clyde1998]

R E P U B L I C  O F  A T L A S I A
- OFFICE OF THE COMPTROLLER GENERAL -
Welcome to the Office of the Comptroller General, the home of economics in Atlasia. You will find major economic figures and statements that affect the country and the world.

Latest economic figures
Updated 6 April 2020

x	Atlasia	Lincoln	Fremont	South	Date
Unemployment	TBA	TBA	TBA	TBA	TBA
GDP Growth	TBA	TBA	TBA	TBA	TBA
Fed Reserve Rate	0.25%				Apr 2020
Consumer Price Index	2.3%				Feb 2020

Latest stock market index figures
Updated 6 April 2020

x	Price	30 Day Change
Dow 30	21,052.53	-18.61%
Nasdaq	7,373.08	-14.02%

Latest statements

• Statement regarding appointment and Coronavirus

Current projects

• Southern budget figures
• Legislation cost estimates (x1)

[Clyde1998]

- OFFICE OF THE COMPTROLLER GENERAL -
STATEMENT REGARDING APPOINTMENT AND CORONAVIRUS

I would like to thank President Pericles for nominating me as Atlasia's first Comptroller General and the Senate for approving my nomination. I can now begin work in what is a very difficult time for Atlasia both socially and economically. The situation with the Coronavirus pandemic has taken thousands of lives and infected over 300,000 in Atlasia alone.

The effect of the pandemic economically has been significant, with our stock markets seeing the biggest falls since the 2008 financial crash; both the Dow Jones and Nasdaq have seen their biggest single day drops in history during this crisis. We may be facing a situation where our economic may retract by a third by the middle of the year.

Unemployment has already started to increase and is likely to continue to do so throughout this crisis. We will be realising our unemployment figures for March in the coming days, but we fear that the unemployment could double by the end of this crisis when compared to before. Some of the most pessimistic predictions see unemployment exceed 32% in the coming months.

The Federal Reserve has reduced the reserve rate to 0.25%, after previously being reduced from 1.75% to 1.25% at the start of March. This is an attempt to stimulate the economy during these difficult times, making it easier for businesses and individuals to access credit. It's also hoped that this will reduce the number of redundancies in the coming months.

The situation with the Coronavirus is such that it's likely that our economy is likely to slide into recession, along with many other countries. There are predictions that the economy of many developed countries could face worse financial conditions than in 2008. However, it's uncertain how long it will be after Coronavirus has been contained that the economy will start to return to health.

The recommendation to the Government and Congress is to take action to safeguard key industries and to prepare an unemployment welfare system that can handle the number of new applicants and provide adequate financial support to ensure the financial crisis is contained as much as possible.

[Clyde1998]

R E P U B L I C  O F  A T L A S I A
- OFFICE OF THE COMPTROLLER GENERAL -

I recognize that header... Congratulations and welcome back to the game engine!

Thank you. I thought some consistency in the headings would be good across the main offices.