Taking into account the history of the American economy over the last 400 years, what do...
Taking into account the history of the American economy over the last 400 years, what do you think the American economy will look like in the future?
Homework Answers
American economy is good as if now. The major indicator for the checking of result of production is the Gross Domestic Product ( GDP ).
In 2018, GDP was 3%. As per the forecast made in the FOMC meeting held in 2019 Mar 19, the GDP development of US economy is expected to be deducted to 2.1 %. In 2020, it will become 1.9% and in 2021, it will become 1.8%. It is because of the trade war, the GDP has been reduced.
Due to the above above mentioned reasons, the issue of unemployment arises. In 2019, it will be 3.7%, 3% in 2020, 3.9% in 2021. These are very lower than the Fed Norms. Target of Fed is 6.7%.
These are the possible outcome forecast of US economy.
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