The Discussion: Our economy This discussion is about what has happened over the past 7-8 years,...

The Discussion: Our economy

This discussion is about what has happened over the past 7-8 years, what is happening now, and most importantly, what you think is going to happen. Consider it a current events topic. The past does somewhat tell us where we are headed. So I will start out with some historical information and move into some current information. Your responsibility here is to gather as much CURRENT economic information as you can, analyze it, and then share your thoughts

Expert Solution

Lets discuss the current economic condition so far

The economic condition refers to as the current economic state of a country

The economic conditions vary in accordance with country

The economy goes through expansion and contraction

Hence change over time along with the economic and business cycles

Lets deal with the current economy state of USA

It is currently developing in a huge manner in the case of economy
USA has a mixed economy
But US recorded slowest growth for the last 5 years
The reason for that slow growth is the poor trading
The GDP growth is just 2.9%'
There is fall in the currency rate
The employement is getting closer to full after trumph came to fact
There is not much potential in wage growth
The productivity growth has been a bit slow in concern to another countries
The intrest rate keeps increasing over time gradually
There is high end of increase in consumer spending

Overall we can say there is and average economy accross the US

There are many lacking in the economy still everything is getting better in slow manner

By the 2022 US will reach a better and steady economy

HOPE THIS HELPS

FEEL FREE TO COMMENT

THANKS

Rahul Sunny answered 2 years ago

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