FratFiles

• Save Paper

U.S. Economy May Slip Into a Recession

The latest remarks from Ben Bernanke revealed his beliefs that the U.S. economy would have little, if any, real gross domestic product growth for the first two quarters of 2008. Bernanke goes on to say that RGDP could even “contract slightly�. This in itself, defines a recession, but there is much more information to confirm that the U.S. is headed for a recession.
One of the first indicators of a looming recession is the decline in homebuilding, employment, and consumer spending. These characteristics are certainly representative of a bust, affecting consumption in the expenditure approach. Another good indicator is that orders to U.S. factories “fell more than forecast� (Lanman). This shows that the economy did not correctly account for the reduction of exports, which also affects the expenditure approach. Finally, according to the article, the economy was said to have grown .6% in the last quarter of 2007, and then only .2%......

View the rest of this paper...

Approximate Word Count: 1440
Approximate Pages: 6 (250 words per double-spaced page)

Similar Essays

1. Surviving The Lastest Recession Of Sept 11
   

   Surviving the lastest recession of Sept 11. The US economy is on the verge
   of dealing with its tenth recession since World War II. ...

2. Is America Going Into A Recession?
   

   Is America going into a recession? Is America going into a recession? Well
   first what exactly is a recession? In its simplest form ...

3. Uk Recession Possibility
   

   uk recession possibility. recession is a period of negative economic growth
   for 2 consecutive economic quarters. ... Thus starting a recession.

4. Recession
   

   Recession. Today more than ever, there is a major and constant fear of an
   impending recession in our government’s economy. A recession ...

5. Recession
   

   Recession. ... This in itself, defines a recession, but there is much more
   information to confirm that the US is headed for a recession. ...