The United States’ economy has been dubbed as one of the most important and influential in the global economics and we all are experiencing how it can affect the global economy in a very bad way and we are seeing a major concern for the nation to look after its economy as there is changing situation every day and the global economies are suffering.
The United States economy has a huge control of the international markets and the trade war it has going on with China has affected not only its own economy but also most economies of the world and pushed the world into a worldwide slowdown trend that has not been doing good for the people all around the globe. The U.S. Treasury on Friday stated that the federal deficit for fiscal 2019 was a whopping 984 billion US dollars this is the highest it has been in seven years, a 26% increase from 2018 but still short of the $1 trillion mark previously forecast by the administration. This has sparked major concerns to the economy that has been receiving mixed reviews as people sometimes say the nation is doing and sometimes they say the nation is in deep trouble it is hard to make out which is true.
One thing is for sure the nation needs to improve the economic structure as soon as possible because if the slowdown isn’t affecting it then at least it should prepare for a recession that we think is imminent and will hit everyone pretty hard.
Tags : Economy, China, International,