Us Economy
US Economy
The US economy is one of the largest and the most technologically advanced national systems in the world, with more than 10 trillion dollars in GDP.
"After the economic boom in 1990, The US economy suffered a number of serious setbacks, including the bursting of the technology bubble; the Sept. 11, 2001, terrorist attacks; significant losses of stock market wealth; a stagnant job market; corporate accounting scandals; uncertainties related to the war in Iraq; and increase in oil price ." (http://www.infoplease.com)
Although many factors threaten the development of the economy, the recovery is expected in the near future. According to New York Stock Exchange (NYSE), the overall market value is increasing constantly; from 5,687.87 (April 2005) to 6,360.69 (March 2006). Some factors expected to contribute to the recovery are increasing in employment rate, rising in disposable income, and growth in consumer spending.
• Increase in employment rate
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Approximate Pages: 4 (250 words per double-spaced page)
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