U.S. economy

U.S. Economic Growth Is Weakest Since Recession

Jul 272014

From the great depression of the 1930s to the great recession of 2009, U.S. economy has seen it all and to the maximum extent. When compared, the impact of the great economic depression was worse. However, if considering recovery from recession, the great recession is a possible successor in many terms. It has been five years since the recession and yet, the unemployment rate in U.S as of June 2014 is approximately 6.8 percent, which has declined by mere 3 percent since 2009. The weak growth of U.S. economy is not just visible through this figure, but a lot more is adding to it on a daily basis.

In contrast to the great depression, the recession has made half as much the recovery in GDP a post-depression era, which is only 9 percent since the inception of recovery phase of the economy. Comparatively, after the same time period during the great depression, it was as much as 17 percent higher. When looking at the deficit percent, the growth has been only 5% since the beginning of recovery.

What are the major weaknesses of the U.S. economy?

Economic depression, Economic recession 2 Responses »

Jun 282013

The U.S. economy is the best economy in the world, with one of the highest GDP per capita figures. No matter U.S. has the strongest and most powerful economy overall, it now faces many difficult economic problems. Some of these problems are short term and they can be sorted out over time. Over the month, the value of the US dollar provides the deeply important as well as a decreasing to a record low up against the Euro and the 31 years low up against the Canadian dollar.

If we (our government) do not take any serious measures, the U.S. is going to face an economic disaster on the scale few countries have ever experienced. Most people are not aware the easily observable signs of this critical economic situation, they do not know where it originated from and what measures or steps are necessary to prevent it from occurring. U.S. citizens have a superpower mentality in their minds, but this is not true anymore. We are slowly becoming to lose our position as a leading country in lots of aspects of our social, economic and political spheres.