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Current Economic Conditions : Theu.s Economy

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Current economic conditions: The U.S Economy 2013 2014 2015F
Real GDP (% Change) 1.9% 2.5% 2.9%
Nonfarm Jobs (% Change) 1.7% 1.7% 1.9%
Unemployment rate 7.4% 6.6% 6.1%
Consumer Price Index (% change) 1.5% 1.7% 2.1%

Overall the U.S economy faced challenges due to budget cuts, taxes, and spending cuts. Policy changes marked sluggish growth followed by a strong finish in 2014 therefore 2015 should have a stronger economic outcome.

The unemployment rate continues to go down while consumer confidence is on the rise and global economic growth is expected to increase this year and next. 2015 should be a year of solid, but modest growth with continued economic improvement. (US Economy)

Recovery …show more content…

Downtown 's garment and jewelry districts and the Olvera Street Mexican market do draw a steady stream of retail traffic. A critical component in downtown 's residential revival is the 50,000-square-foot Ralphs 's Grocery. Ralph 's is the spark needed to jumpstart in migration of residents to the (CBD).

Currently, downtown retail rents average $22.33 per square foot, which is comparable to the rest of the region. However, vacancy at 11 percent is double the countrywide average of 5.2 percent. That 's likely to change, especially in downtown residential neighborhoods where asking rents are already higher.

5.2 Primary Competitors
 All Fast food Restaurants example: Mc Donald’s
 All Quick Serve Restaurants example: Chipotle
 All Full Service Restaurants example: Olive Garden

All Around the World has many competitors who will put our strengths to the test. New competitors copy our ideas and try to create a restaurant that will outshine AATW. The constantly changing consumer preference will be an opportunity. People constantly change their preference about what type of foods they like so they may lose their interest in single culture restaurants. AATW will be offering multiple cultures to choose from so customers have a different experience every time you return to AATW.

5.3 Market Size; Market Growth and Customer Profile:
Market Profile: Downtown L.A.

Demographic Overview
 Total population Los Angeles: 9.8 million
 Unemployment rate Los

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