The State Of Theu.s Economy - 1106 Words

The state of the U.S economy The state of the U.S economy Following the APA Format Brayden Bergum Biola University Abstract 1.The current state of the us economy is unfortunately is increasing at an extremely low rate. The economy expanded 2.4% for the full year 2015, which matched to this date matched its 2014 results. However, risks to the economic outlook for this year are tilted to the downside as a result of increasing fears that the global economy is losing steam and due to fact that strong volatility in the stock markets could affect consumer and business confidence. FocusEconomics panelists expect GDP to increase 2.1% in†¦show more content†¦High inventory levels can reflect two very different things: either that demand for inventory is expected to see a rise or that there is a current lack of demand in the united states economy. These all are very important indicators of the united states economy to overall see its growth in the future. 2.If current laws governing federal taxes and spending generally remained in place, by CBO’s projections, real GDP would grow by 2.7 percent this calendar year and by 2.5 percent in 2017. From 2018 through 2020, the economy would grow at an average annual rate of 2.0 percent, CBO projects. Consumer spending will be the largest single component of that growth, as it has been in the past years. However,the pickup in the growth of output from 2015 to 2016 and 2017 is likely to stem largely from faster grow with-thin investments in the business capital and housing. In the coming years, inflation is suppose to rise and as well as lowered unemployment rate will be slowly decreasing. 3.The housing market in the past 2 years has seen a drastic economic impact. The housing market has increased 16.2% from last years June-July period ( 2014-2015). Over 163,000 more homes have been created due to the positive impact on housing. Learning about fundamentals of this upward growth will help up see our future in economic growth. I