Is the U.S Economy becoming stronger or weaker? - Iqra Mehar

When it may be stiff for some Americans to confidently say the U.S. financial system is getting better, it's also difficult to have an entirely pessimistic view of the current economy. First one the nation's economic output is growing steadily. The flagrant private product was $20.87 trillion in 2018, according to the Bureau of Economic Analysis.1 That represents  year-over-year improvement in real GDP of 2.9%. In spite of analysis concerns over trade tensions, the most recent GDP data shows that the U.S. GDP grew at an annualized rate of 2.1% in the third quarter of 2019.2 That growth was thanks to consumer spending, among other factors, according to the BEA.

At the end, employment is rising and unemployment is falling. The Bureau of Labor Statistics pegged the unemployment level at 3.5% in November 2019.3 That's the lowest figure in 50 years, and it falls well below the natural rate of 4.5%.4 While this is good news for the average worker seeking a job, it also means that companies are having a harder time finding workers to fill open positions. This lack could slow business and economic growth. Stock market prices are rising. The Dow set closing records in 2019. High- rise stock prices may not immediately benefit many Americans, but it is a leading economic indicator. While stock prices rate corporate CEOs feel confident and, as a result, they are more likely to invest. They will boost their businesses, buy new equipment, and hire more workers. The grow in income will lead to more demand. It reproduces a moral cycle that drives further economic growth. Auto trading have recovered from their recession lows, although there was relatively little growth through 2018 and 2019. Like with car sales enjoy a low-interest-rate environment that makes it easy to find low-interest loans. On the whole the economic growth, as measured by quarterly GDP growth rates, has been steady. GDP boost price is between 2% and 3% & the GDP boost was consistently strong during the George W. Management averaging out to 2.1% per year when adjusted for inflation, according to the Hudson Institute. The Providence of the United States is that of a high-rise  developed country with a mixed economy. In the world fifth-highest per capita GDP (nominal)  and the seventh-highest per capita GDP (PPP) in 2020. The US has the often technically powerful economy in the world and its firms are at or near the forefront in technological advances, especially in computers, pharmaceuticals, and medical, aerospace, and military equipment. The U.S. dollar is often used in international transactions  and is the world's foremost reserve currency, backed by its economy, its military, the petrodollar system and its linked Eurodollar and large U.S. treasuries market. 

Various countries use it as their official currency and in others it is the de facto currency. The largest U.S. trading companies are China, Canada, Mexico, Japan, Germany, South Korea, United Kingdom, France, India, and Taiwan. The U.S. is the highest importer and the second-largest exporter. It has free trade accord with several nations, including the USMCA, Australia, South Korea, Israel, and few others that are in effect or under negotiation. The U.S economy is powered by abundant natural resources, a well-developed infrastructure, and high productivity. It has the seventh- high rise estimated value of natural resources, valued at Int$45 trillion in 2015. U.S have the higher standard household and employee income among OECD member states and in 2010, they had the fourth-highest median household income, down from second-highest in 2007. By 1890  the United States had overtaken the British Empire  as the world's most productive economy. It is the world high- rise producer of petroleum and natural gas. In 2016, The world largest trading nation as well as its second-largest manufacturer, representing a fifth of the global manufacturing output.

The U.S. not only has the highest inner market for goods, but also dominates the trade in services. U.S. total amount to $4.2 trillion in 2018 Of the world's 500 largest companies, 121 are headquartered in the U.S.The U.S. has the largest number of billionaires with total wealth of $3.0 trillion. US commercial banks had $20 trillion in assets as of August 2020.US Global assets under management had more than $30 trillion in assets.  Foreign investments made in the U.S. amount $4.0 trillion, while American investments in foreign countries total over $5.6 trillion. The U.S. financial system is listed first in international ranking on venture capital and Global Research and Development funding. Consumer spending  comprised 68% of the U.S. financial system in 2018,while its labor share of income was 43% in 2017.The U.S. has the world's largest consumer market.  The U.S. is one of the highest level financial Management in studies such as the Ease of Doing Business Index, the Global Competitiveness Report & others.

 The U.S. financial system involvement a serious economic downturn during the Great Recession, defined as lasting from December 2007 to June 2009. Anyway the actual GDP regained its pre-crisis (late 2007) peak by 2011,household net worth by Q2 2012,non-farm payroll jobs by May 2014 and the unemployment rate by September 2015. Each of these changing continued into post-recession record territory following those dates, with the U.S. process of getting better becoming the second-longest on record by April 2018. In the first two quarters of 2020, the U.S. economy entered recession due to the COVID-19 pandemic. This coronavirus economic deadline has been widely described as the most severe global economic downturn since the Great Depression, and "far worse" than the Great Recession. Income imbalance ranked 41st highest among 156 countries in 2017,and the highest compared to other Western nations.