The United States economy has seen a lot of obstacles in its way of growth and development and that won’t be changing anytime soon as the nation should brace for more issues in its growth path as the global economy slows down and the world politics gets worse day by day. The nation should immediately scarp its trade war with China that has been killing the industry and even the consumer goods supply and demand chain.
The nation has been seeing signs of a slowdown but the consumer spending that covers the 70 percent of the economic returns of the nation has been impeccably supporting the nation in these times of crisis and we are expecting that if it should stop supporting the nation would just succumb to its sad fate real soon. Gross domestic product in the third quarter running from July to September is forecast to fall to about 1.4% from a 2% pace of growth in the spring. These results will surely affect the trades and investments in the nation which also are a huge part of the economy.
We expect the nation to take some steps to decrease its dependency on the consumer spending although it is supporting now but when the people are scared by the recession issue they will just withdraw their spending and this could be catastrophic for the economy as it would get a huge sudden shock.
Tags : Economy, Development, Politics,