Essay: Economic Recession in the United States

Sample Essay

United States of America has become the central hub for trading for the whole world due to its huge economy. For which a drop in US GDP has the ability to cause a visible damage in various economies worldwide, at various levels simultaneously.

And that would be the result of the various economic activities conducted among the US and other countries. The activities include exports, imports, investments, and the result of the recession in US can be observed in stock markets, unemployment rates, etc. (Krugman & Wells, 2009)

It can be deduced that an economic fluctuations in an economy could result in a change in the economic cycle of another nation. And a change in the largest economy of the world could result in a change in other economies around the globe.

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