Question

What would be your prognosis for the financial sector for the next five years? Which parts of this sector do you think is currently in decline and which is poised to continue growth? What are some of the issues the main players in the financial sectors are dealing with today with respect to generating revenues?

Answer 1

Ans) As we all know the financial sector of America is the most liquid and largest in most parts of the world.

Around 8% ($1.50 trillion) of the GDP is covered by the financial sector. This sector has been a job creator all along and has forever been a high growing sector with leadership at large altgother has seen a considerable economic growth, which shall continue to remain consistent with a slight fluctuation in it even in the coming years.

This sector has proved to facilitate the exports, manufactured good and agricultural products. As per the details available in 2017, the USA exported $114.5 Billion in financial services and had a $40.8B of surplus in financial sector. And the number of people engaged in this sector stood at 6.3 million.

Investments in these companies shall mean that the companies looking forward for financial help shall be able to sort great deed of help from them, which will indirectly prove to be a boom for the economy with higher levels of capital rolling in the economy. As per the study of market available, around 140 of 500 fortune's global 500 companies have chosen to lay down its cornerstone in the US in order to reap the benefits of it's creative, competitive and comprehensive financial sector.