Overview of the Current Economic Situation in the US Research Paper (Research Paper Sample)

Overview of the Current Economic Situation in the US
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Overview of the Current Economic Situation
The US economy is one of the most diversified national economies in the world, as it has held the leading position in the global economy for the past decades. However, since the early 2000s, its influence in the global economy has decreased, which is a result of crises and growth in developing countries. The overview of the underlying economic characteristics is an important instrument to highlight both the weak and strong sides of the US national economy. This research examines the unemployment rate, consumer spending and income, credit card and mortgage payments, and corporate profit in the United States, as the primary indicators of the current economic situation in the country.