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The unprecedented economic recession that experienced by the United States of America in 2010 does not only give lessons among the economic policy makers, the technocrats, and among the American people. More importantly, it has become the benchmark of whatever socio-economic programs and policies to be implemented.
Recently, the Obama Administration disclosed that next year would be most likely unproductive year for their fiscal performance and in terms of their Gross Domestic Product brought by some economic policy adjustments and implementation shortcomings. This made them expect for higher inflation rate. To prevent further damaging effects on the escalating anticipated inflation movement, economists suggested not increasing individual …show more content…
The multiplier effect of this purchasing power among every consumer would eventually reinforce the economy of any nation experiencing economic adversities and be able to bounce back. This policy was primarily emanated out from their learning with the devastating economic recession that happened in 1998.
In 2008, the United States experienced a serious financial crisis which led to the most serious recession since the Second World War. The downturn in the U.S. economy spread to many foreign nations, resulting in a global economic crisis. On September 15, 2008, Lehman Brothers, one of the largest investment banks in the world, failed. Over the next few months, the US stock market plummeted, liquidity dried up, successful companies laid off employees by the thousands, and for the first time there was no longer any doubt a recession was upon the American …show more content…
economy over the remainder of 2015 will improve. He also expected that the first quarter weakness will prove to be largely temporary. The winter weather was quite severe in the eastern two-thirds of the United States and bottlenecks at the West Coast ports disrupted both sales and production.
More important in assessing the growth potential of the U.S. are the improved underlying fundamentals. The firming of growth in 2013 and 2014 reflected several important developments that are likely to continue to support growth over the remainder of this year and into 2016. Those developments include the fact that the household deleveraging process has largely run its course and the imbalances in the housing market have been largely worked off. In addition, federal fiscal consolidation appears to be over for now, and employment and spending are again increasing at the state and local government
The unprecedented economic recession that experienced by the United States of America in 2010 does not only give lessons among the economic policy makers, the technocrats, and among the American people. More importantly, it has become the benchmark of whatever socio-economic programs and policies to be implemented.
Recently, the Obama Administration disclosed that next year would be most likely unproductive year for their fiscal performance and in terms of their Gross Domestic Product brought by some economic policy adjustments and implementation shortcomings. This made them expect for higher inflation rate. To prevent further damaging effects on the escalating anticipated inflation movement, economists suggested not increasing individual …show more content…
The multiplier effect of this purchasing power among every consumer would eventually reinforce the economy of any nation experiencing economic adversities and be able to bounce back. This policy was primarily emanated out from their learning with the devastating economic recession that happened in 1998.
In 2008, the United States experienced a serious financial crisis which led to the most serious recession since the Second World War. The downturn in the U.S. economy spread to many foreign nations, resulting in a global economic crisis. On September 15, 2008, Lehman Brothers, one of the largest investment banks in the world, failed. Over the next few months, the US stock market plummeted, liquidity dried up, successful companies laid off employees by the thousands, and for the first time there was no longer any doubt a recession was upon the American …show more content…
economy over the remainder of 2015 will improve. He also expected that the first quarter weakness will prove to be largely temporary. The winter weather was quite severe in the eastern two-thirds of the United States and bottlenecks at the West Coast ports disrupted both sales and production.
More important in assessing the growth potential of the U.S. are the improved underlying fundamentals. The firming of growth in 2013 and 2014 reflected several important developments that are likely to continue to support growth over the remainder of this year and into 2016. Those developments include the fact that the household deleveraging process has largely run its course and the imbalances in the housing market have been largely worked off. In addition, federal fiscal consolidation appears to be over for now, and employment and spending are again increasing at the state and local government