The US Economic Outlook in the Second Half of 2012 and First Half of 2013

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The U.S. Economic Outlook in the 2nd Half of 2012 and 1st Half of 2013 The U.S. Economic Outlook in the 2nd Half of 2012 and 1st Half of 2013 The United States of America has enjoyed the strongest economy on the face of earth for quite a long time (Index Mundi, 2012). It has also enjoyed the portion of eminence on political platform. Having owned the valuable resources, the economy has gained high importance for both developing and developed nations. The currency of USD is assumed to be the common medium of transaction at international level and it is also a benchmark to calculate the value of other currencies. In the recent years, the financial crisis has hit many economies of the world and US economy is not the exception. The crisis of 2008 has posed serious threats to the economy of US (Krugman, 2009). The paper casts light upon the US economy in the 2nd half of 2012 and expected conditions in 1st half of 2013. The economic performance is highlighted using various domestic and international factors. Domestic Factors influencing US Economy Described below are the highlights of US economy as characterized under domestic factors. The major domestic factors included in this analysis are unemployment rate, Dollar value, oil prices and Federal Reserve rate. Unemployment Rate in US The rate of employment in a country is one of the major indicators of its economic strength. The higher the employment rate is, the lower the productivity of a country is supposed to be.

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