Economic review and economic growth
Economy review normally looks at what happened in an economy in preceding financial year or years. Growth story of an economy is also an important part of any economic review. It is a useful lesson to those economies, which are facing a situation, similar to that of economy being reviewed.
Countries learning about stories of growth of different economies, can use same strategies that had been followed by other economies, and use them to their economic advantage. They may also learn how to come out of a tight economic corner from those examples.
Review of economy and prediction of growth
An important part of traditional economics has been growth and development. It always pays to keep abreast of other countries' economic prowess and growth potential. If one country knows how much another country's economy is supposed to grow in a coming economic period, it might be able to get an idea of conditions which accentuated that growth. They can try replicating those conditions so that their economy may grow at same rate.