This study aims to analyze the trade cycle in the UK and analyze its relationship to the business cycle. This study uses secondary quarter data in the form of exports, imports, and UK GDP from 1987 to 2016. Band-pass filter data filter method is used in this study to isolate short-term cycles and assume an average growth of each variable. The results of this study indicate that the trade cycle in the UK has a medium-term cycle of around 2-4 years for both exports and imports. And there is a significant relationship between global economic events and movements in the trade cycle. Like in the early 2000s and late 2008. The relationship that exists in the cycle, especially the trade cycle between exports and imports, is found to be procyclical where the conditions are mutually exclusive. Meanwhile, between the trade cycle and the business cycle in the UK, there are many counter-cyclical situations where the relationship between the two cycles is inversely proportional. This is different from the findings of previous studies.

In most West African countries, the financial sectors are the least developed area. The absence of deep-efficient financial markets put major economic growth constraints. This study aimed to investigate the financial sector performance in twelve selected West African countries. To determine financial sector performance, a panel data semi-log model was employed. Data were collected from the World Bank Open data page from 2004-2013. The results revealed that both variables matched the hypothesis, indicating a positive impact in the financial sector. It indicated that the variables used in this study were major players of the financial sector in the selected countries. This study recommends that because financial stability, globally and within countries, generates jobs and improves productivity, more efforts should be made to ensure an effective and developed financial sector system. It is so because limited and inadequate access to credit will limit small and medium-sized enterprises' contributions to private sector development.