Topic > Current Macroeconomic Situation in the United States

The United States is the world's largest economy and has experienced several tribulations in the recent past following the 2008 global recession. Despite these recent challenges, policymakers and financial experts expect that the country can experience solid economic growth. In fact, financial analysts have said that the US economy will be characterized by an increase in consumer spending, an increase in business investment, a reduction in the unemployment rate and a reduction in government cuts. Some analysts have also said that the country's economy will strengthen in 2014 by an average of 2.7% or more. However, these forecasts can only be understood through an analysis of the current macroeconomic situation in the United States. Current macroeconomic situation: According to Payne (2014), US economic growth will strengthen this year to average 2.7% due to various factors including strengthening consumer and business confidence. The other factor that will contribute to strengthening the country's economic growth is Europe's emergence from its long slumber, a trend that will improve the prospects of foreign sales. However, this economic growth will be largely limited by the ongoing reduction of the public deficit. Compared to the first half of 2013, economic conditions are already better, as in the second half of 2013 growth increased by an average of 3.7%. As a result, expectations of higher economic growth in the United States increase as people believe that this will be the best year since the tribulations of the global recession of 2008. Overall, American GDP growth will become stronger in 2014, with an average by at least 2.7% because... middle of the paper... same thing. The Federal Open Market Committee should base its employment policy on the outlook for the level of employment or unemployment through a substantial improvement in the labor market outlook. In conclusion, the current macroeconomic situation in the United States is characterized by moderate growth due to the improved economic conditions that have been brought about by the events of 2013. The country has experienced moderate economic growth since the global recession of 2008, but has shown real signs of momentum. While the country is not worried about recession or inflation, the unemployment rate still represents a major challenge despite improving consumer and business confidence. Accordingly, the Federal Open Market Committee or Federal Reserve System must adopt fiscal and monetary policy initiatives that help address the problem of unemployment and promote high economic growth..