The infrastructure development is required to be maintained within the national economy. This sector had suffered dropped off by almost 20 percent in contrast to a year ago, with its prices now going down.
The weakness of the US economy on the other hand, is represented by the deteriorating Housing market, which is causing the economy to slow down.
The decision making is in the hands of private firms in the US. The US government faced lots of issues with Iraq and Afghanistan in resolving the problems. At the same time, the Essay on the economy of the united states crisis took place in the entire world and America faced two major problems.
The country has maximum number of private companies who are successful and have earned huge profits all across the world. Most products kept falling in the stock market as a result. Various plans have been implemented with respect to ensuring the low level of the trade deficit.
McDonough, President of the New York Federal Reserve Bank, pointed out that the United States has experienced economic expansion since s and maintained this expansion for eight consecutive years that created millions of Jobs, stabilized prices, and lowered the unemployment problems.
In other words when GDP is continuously low then the economy is heading towards a recession, in the case of the US economy, the recent GDP forecast shows the US is heading towards recession. Developing the military equipment and weapons has become a priority of US government, and it just affects the US economy negatively.
Garen and Reed pointed out unemployment as an indicator of macro performance confirms economic trends rather than predicts it. The external economic factors put the positive impact at each another and lead towards the growth of the economy and the internal economic environment.
Another problem that America started to face is related to high import ratio as compare to export. The infrastructure development is required to be maintained within the national economy. The fluctuations become very common scenario, and it creates trouble in handling the economic structure.
According to an internet article entitled US Posts Weakest Growth in Four Years dated April 27,during the first quarter of the year, was the weakest in four years due to rambling housing market and worsening international trade.
To stabilize the US economy and to pass the benefits of American citizens, the government has put various efforts. However, despite of the apparent failure of the economic policy, Irons and Price noted that the administration continues to justify the tax cut claiming the government is on track, but in the eyes of many economists, the economy is shrinking due to large and persistent deficits this economic policy has incurred.
Thus, the technology works positively in the long run and negatively in the short run. Analysis of its Indicators of Macro Economic Performance over the Last four Years The major economic challenges that rocked the US economy during the last four years, was the damaged caused by hurricanes Katrina and Rita, which estimate; suggest that the government expenditures may rise up to thirty billion dollars in the wake of the consequences.
The fluctuations become very common scenario, and it creates trouble in handling the economic structure. The country still enjoys economic hegemony and with its macro economic programs in place the country will definitely hurdle the current economic challenges the country is facing.
Still the infrastructure development of US is appreciable and increasing year on year. Evaluation of Current Government Policy Sincethe Bush Administration implemented a government policy of tax reduction arguing that this policy will promote a stronger, more affluent economy for everyone.
Become a Freelance Writers Place an Order The bankruptcy of banks like Lehman Brothers was the worst era for US economy where they found trouble in managing the mortgage prices, investment failures, credit failures and so on.
With more blows that hit the US economy insuch as the war against Iraq, the surge in oil price, and the damage brought by Hurricanes Katrina and, the United States, according to John Garen and Robert R.
Discussion of its Main Economic Strengths and Weakness The strength of the economy of the United States lies in its capability to register seven percent growth during the last fiscal year in which it would attract domestic and foreign investments and improve investment to GDP to a high 23 percent.
In other words, the more productive the labor sectors are means the more inputs it generates which translate to more economic blessings. The government has their intervention into only health sector and transportation area. At the same time, the US economy has faced huge level of growth in literacy ratio.
There is a reported increased in employee layoff because companies are cost cutting. GDP growth rates are indicator of the soundness of the economy for investment. Various plans have been implemented with respect to ensuring the low level of the trade deficit.
The country still enjoys economic hegemony and with its macro economic programs in place the country will definitely hurdle the current economic challenges the country is facing. It also affects the GDP growth rate in recent past. These led to a lot of the products been wasted causing heavy losses on the industries.Essay about Immigration and Its Effect on the United States' Economy Words | 7 Pages Immigration and Its Effect on the United States' Economy The s have brought the largest influx of immigrants into labor force of the United States of any decade in this nation's history.
However, the most recent economic survey shows that the rate of unemployment in the US has been on the decline and stood at % in August down from % in July and % in the year according to the US economic survey (Yates, ). The economy of the United States no doubt is still the world’s biggest economy despite of the looming economic depression - The Economy of the United States Essay introduction.
The country still enjoys economic hegemony and with its macro economic programs in place the country will definitely hurdle the current economic challenges the country is facing. - As the United States forges an international military and political coalition to counter the heinous attacks of September 11, it is equally important to mount a coordinated response to the economic dimension of the crisis.
The United States economy is on a recession and consumer spending is on all peak low. The mortgage crisis has left banks and home owners with a huge dent.
The biggest issue in the presidential race between Barrack Obama and John Mc Cain is how to put the economy back to the recovery track. The economic problems that are plaguing the United States economy at the present are numerous to say the least.
Since the collapse of the Housing market, the United States has experienced what some have come to call an economic recession.Download