Current Economic Conditions In The United States

The United States is not only one of the largest economies in the world, but it is also one of the strongest economies compared to industrialized countries, and this has been proven in the last few years. Despite of what many people believe or see, U.S economy is booming and it will continue to boom during the year 2015. In the article “When the U.S Economy is the Envy of the World,” published by the MSNBC on December 8, 2014, its author Steve Benen argues about the U.S economic recovery in order to persuade U.S citizens and show them the numbers that prove that our economy has recovered. Benen (2014) also encourage U.S citizens not “to compare the current economic recovery to other recoveries that followed modern downturns,” but “to compare our economic recovery against other countries who dealt with similar circumstances” because according to President Obama, the U.S “has put more people back to work” than any advanced economy in the world (qtd. in Benen, 2014). There are strong evidences that prove that the U.S economy is in its best year compared to three years ago. The growth of jobs, the slight increase of wages, and the low price of oil have truly helped the U.S economy recover.

A nation’s economy plays a vital role in how a nation operates. The United States economy faces a large variety of problems in this paper; we will focus on 4 major economic problems, unemployment, inequality, federal debt, and the financial/credit market. All four issues are interconnected in some way with deep social and economic implications. These issues were emphasized during the Great Recession that hit the U.S. economy in 2007.In the following paper, we will look at each of the four topics individually as well as look at how each plays a significant role in one another’s overall impact on the U.S. economy as well as individuals in the United States. The United States plays a crucial role in the world economy, meaning that every issue and difficulty faced the United States economy has implications far outside the U.S., understanding how these issues relate to one another sheds insight into just how connected every area of the economy actually is.

Although business leaders may not have a crystal ball to help them plan for the future, they do have access to a wide range of Federal Reserve publications that can help identify recent and current trends and what these economists believe will take place in the coming months. Given the lingering effects of the Great Recession of 2008 on the American economy today, identifying the future economic outlook for America using this type of freely available information therefore represents a timely and valuable enterprise. To this end, this paper provides a review of relevant publications to identify the Federal Reserve's current assessment of economic activity and financial markets, its current view about inflation and various monetary tools that have been used to stabilize the economic and prices in recent years. Finally, an analysis of the economic outlook for the next 12- to 18-month period is followed by a summary of the research and important findings in the conclusion.

There can never be any country in the world which can survive on its own without being involved in international trade with other countries. Even the United States a super power can not have an economy which is growing or even raise the wages of our citizens unless we extend our trade beyond our borders and sell products and at the same time buy products from the rest of the population outside our country. We import a lot of goods from other countries. There are instances whereby there can be surplus in the goods that are imported in the United States. For instance the United States is a huge importer of automobiles. A surplus in the imported automobiles can have certain consequences on businesses as well as consumers. This will lead to a price drop of the automobiles. This is good news to the consumers as they will purchase them at lower prices. On the other hand this is bad news to the businesses since the price drop will make them incur a lot of losses.

The United States is the leading economy across the globe and experienced several tribulations in the recent past following the 2008 global recession. Despite these recent challenges, there are expectations among policymakers and financial experts that the country will experience solid economic growth. Actually, financial analysts have stated that the U.S. economy will be characterized by increased consumer spending, increased investments by businesses, reduced rate of unemployment, and reduction in government cut. Some analysts have also stated that the country’s economy will strengthen in 2014 with an average of 2.7 percent or more. However, these predictions can only be understood through an analysis of the current macroeconomic

GDP is not only an important indicator to a country's economy growth but also to social and politic perspectives. GDP reflects unemployment rate, inflation and interest rate. The Federal Reserve has continuously raised the interest rate at .25 point for more than 10 successive times in other to attract more and more investment. Government spending, as a part of GDP, has also increased from year to year. As a year passes, economists, firms and governments look at GDP as an indicator for the following year's economic policy in order to keep the economy go in a right track. GDP is also an indicator of recession, when an economy experiences two successive declines in GDP, the economy is going through recession.

The current macroeconomic situation in the United States is making a significant improvement due to the increase of productivity, 4.6 percent economic development, and with unemployment at 5.3 percent. But despite these positive results, many difficulties are still incoming locally and worldwide.

Despite the common assertion that all math is inherently difficult, statistics is rooted in simple mathematical concepts. Descriptive statistics, as depicted by author Charles Wheelan in Naked Statistics: Stripping the Dread from the Data, is a way to summarize raw data in order to make immense data sets more manageable and understandable (2013). As Wheelan points out, everything from presidential elections to baseball games can be summarized using statistics (2013). One of the most prevalent uses of statistical analysis is to summarize data in order to reflect the health of the U.S. economy, specifically through gross domestic product (GDP). Wheelan touches on the subject of how statistics can be used in conjunction with economics; however, there is much more he does not mention. The health of the U.S. economy is imperative to every American. It dictates whether it is a good time to splurge on a pricey vacation, invest in a new company, or save for the future. The only way to truly understand the current status of the U.S. economy is by being able to interpret statistical analyses accurately, which may be trickier than it appears. Just like any other topic, it starts with the basics (mean, median, etc.), but Wheelan soon makes it apparent that things become a bit more complicated when one looks past the fundamentals of statistics (2013). Interpreting statistical analyses is more than just being able to read charts and graphs. Descriptive statistics is rooted in simplicity;

Americans have been bombarded by new worries in recent days with the war in Libya, unrest in much of the Middle East, and the seemingly endless series of catastrophes in Japan as reported by a recent Gallup poll measuring economic confidence. Added to that, there is a weak job market, increasing fuel prices, and fierce budget battles in Congress, obviously, it is clear the U.S. economy still faces

The American economy has suffered the deepest and most protracted recession since the Great Depression. The financial crisis that began in the fall of 2008 had enduring effects on economic performance. In the first quarter of 2009, real gross domestic product (real GDP) fell by 6.4 percent. Real GDP fell for four straight quarters, from third quarter 2008 through second quarter 2009. The good news is that we have enjoyed more than three years of uninterrupted economic growth (Real GDP) and falling unemployment since the recession ended in June 2009. Economic growth (real GDP) has averaged less than 2.1% since the recovery began July 2009 and is have slowed to less than 1% in the

What lies ahead for the U.S. economy is uncertain and is leaving the minds of people in dismay as to how will they survive in their near future. The U.S. has not had a positive balance of trade since 1976. That means since 1976 other countries have been exporting goods and services to us and we have been exporting our currency to them in return. This trade-off has actually been mutually beneficial (to an extent). The U.S. dollar has helped other countries stabilize their own monetary regimes, and has given them a powerful medium of exchange. In the U.S. the currencies backed by the dollar or triangulating trade through the dollar tend to require large dollar reserves, which increases demand for our export. When a nation’s debt exceeds its ability to repay even the interest, it can be assumed that the currency will collapse. The greater the level of debt, the more dramatic the inflation must be to counter it. The more dramatic the inflation, the greater the danger that hyperinflation will take place. As the US dollar is a fiat currency and is on the ropes, the US will experience a currency emergency at the street level that will be unprecedented. Your life savings could be reduced to nothing almost overnight. Inflation is a fact of life. However, the thing governments have traditionally done when they simply can’t pay their debts is print more money. The problem with this is the further you expand the money supply, the less the money you

GDP now is in the US is 3.3%, GDP has lowered in the last 10 years. In 2007 the GDP in the US was 4.40%. There isn’t a pattern for how much it changed in 10 years it kind of went up and down since 2007. In the future I think that GDP will raise more and more.

The economy of the United States has proven adequacy at adjusting to the expenditures and revenues of millions of people. Even in times such as the stock market crash, the Great Depression, and the Great Recession of 2008, the Senators’ legislative powers, have saved the economy. Other countries, in contrast, have experienced difficult times attempting to run such an economy. People living in these countries suffer severe poverty, to the extent that life essentials are impossible to obtain. Life expectancies in these countries are low compared to countries such as the United States. The amount of health care or public safety an individual can receive are close

Over the last few years GDP, inflation, and unemployment rates have fluctuated. Currently, they seem fairly stable. GDP is at a 2.1% growth rate. The trend hasn’t changed much over time. It seems that the only thing that has really shrunk throughout time with GDP is the amount of exports the US sends out, whereas personal consumption, government spending, and investment added ‘percentage points’ to the growth rate. With the growing GDP, unemployment rate appears to be decreasing. While it is at 4.5%, this is significantly lower than it has been in the past. The growth of GDP has allowed for new investments in technology and being able to find new ways to produce goods and services, thus causing problems with unemployment. Despite the fact

The current rate of GDP growth, according to the Bureau of Economic Analysis, is 2.7% (for Q3), and it was 1.3% in Q2 of this year. This rate reflects relatively slow growth, with challenges remaining in the domestic market and with sluggishness in Europe suppressing exports to that region. The rate of GDP growth is predicted to slow to a decline of 0.5% between Q4 2012 and Q4 2013, the US re-entering recession, according to the Congressional Budget Office's projections. These projections are based on the provisions of the Budget Control Act being enacted, though any observers are doubtful that this will occur.