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Recently economic issue about Wall Street Journal - Essay Example

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The spirit of deflation taking place in China and Europe is highly threatening the economic growth of United State. A change in foreign markets…
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Recently economic issue about Wall Street Journal
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Recently economic issue about Wall Street Journal

Download file to see previous pages... The country will highly need assistance from foreign countries in order to grow effectively. Apart from the challenges being posed by Europe and China, United States also face other economical crises such as decrease of commodity prices, the current instability in stock markets, and decline in demand and output in big developing markets such as Brazil. Another aspect affecting world’s economic status is the political tension in many countries resulting from the current Ebola virus outbreak (2). Although United States is the world’s economic growth engine, with many countries not performing may negatively affect the country’s economic growth.
Another factor that affects the U.S. economic growth is the rigid economy that has being affected by years of uneven growth. According to estimates made by Goldman Sachs economists, tight conditions of financial market can shave approximately 0.3 percent from American’s economic growth before the end of next year. However, if the bonds and stocks’ weakness proves to be temporary, this hit would decrease by approximately half. The global financial crisis has resulted in a decrease in revenues of the big business organizations in the United States such as McDonald’s Corp. both the internal and external factors affecting the country’s economic growth have proved to be more severe and formidable than it was expected.
The author of this article, Josh and Nick, try to discuss the global financial issues that are currently affecting the economy of the world. According to the content of the article, global economic crisis started to affect the world’s economy in the year 2008. The increase of global financial crisis, have resulted to decrease in world stock. In addition, big financial organizations are collapsing, and rich countries’ governments have started to come up with a rescue package that will aid in overcoming these crises. Some impacts of global financial issues ...Download file to see next pagesRead More
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