The US economy is growing at a steady rate. Consumer confidence has been met with optimism. Figures indicate that the US economy grew 2.3 percent in the year of 2017 which was higher than the growth of the previous year. The Trump administration delivered a major tax cut for corporations, business, and individuals which has incentivized the “Producers” and the “Manufacturing” sector to stimulate and optimize growth within their businesses. Also, foreign investors like “Samsung” are launching operations in the United States considering the market conditions of the US economy and producer-friendly policies. The global resurgence of the economic regions of the world such as Asia, Europe, and Latin America has in fact enhanced the US economy. Demand for US goods has overall increased and a weak dollar has aided in American exports abroad because they have now become more affordable. There has been an increase in employment opportunities for the manufacturing sector with the manufacturing sector adding 200,000 jobs. 2017 has had a positive outlook economically for the US.
http://money.cnn.com/2018/01/26/news/economy/us-global-economy-2017/index.html
http://money.cnn.com/2018/01/26/news/economy/us-global-economy-2017/index.html
1 comment:
After looking at the article something that I find very interesting is how looking at the global economy that grew 3.7% in 2017 and the US that only grew 2.3%, it is seen as a really good year in the US. According to the article many CEO's and business owners are seeing that the economy is doing really well and feel confident about the future. Something else that I find interesting about the article is how much the manufacturing industry grew, and how 200,000 jobs were created, which is something good for the economy, but it would be interesting to know how much money did the government had to invest in things like tax cuts in order to make this happen and how this is going to affect their budget.
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