solved Task 1: Choose one element in the external economic environment

Task 1: Choose one element in the external economic environment that impacts your chosen industry either favorably or unfavorably. Please describe this element in detail and if you believe this will be a long-term or short-term impact and if this poses an opportunity or a threat to your industry segment.SIG Discussion Expectation:Length: It is expected that your post will be approximately 250 words in length.Research: You are expected to use at least one cited source in your post. Please make sure that this source is credible.Task 2:Please respond to 2 of my classmates’ posts. I will send their post after you send Task1 to me.