The EUA economy trends

The EUA or the economy of the United States is the largest economy by nominal GDP and also the second largest when the parameter is the purchasing power parity. It is undoubtedly a highly developed mixed economy and offers the second largest industrial output in the whole world. The fact that the US dollar is the facto intentional currency used in maximum countries makes it even stronger and popular.

The growth in multiple verticals

Ever since the great recession ended in 2009, the growth of the US economy hasn’t been as rapid as most people predicted, but it is being forecast that in 2018 US economy might eventually succeed in unloading the baggage which can make it climb a lot quicker again. The recent Republican tax cut plan which was signed into law by the president could lead to a boost in the economy. The business investments too have seen a growth. One of the key factors to the improved economic growth might be the oil reduction rebound coupled with the recovery in the manufacturing sector as well. The advancements in technology and the growth in that sector have been phenomenal too. The automobile sector too has been promising.

Hence, owing to the individual recovery and growth in some of the big and promising verticals, analysts have predicted that 2018 could be a great year for the EUA economy and the country may be all set to finally put the finical crisis behind them and once again emerge a whole lot stronger than before.

The growth has been felt in a lot of sectors. The industrial production is likely to increase by 2.5% in 2018 as compared to 1.8% in 2017. This could provide more employment and create more job opportunities which in turn can have a positive impact on the overall economy. The 4.1% unemployment rate is likely to see a decline too. While the forecast and the current scene looks promising, we cannot get too complacent until things actually start to kick.

The global scene

The interest rates in the US are going to increase too. This could be adverse for the developing countries that are already struggling to pay off their debt and might increase their financial pressure significantly. So, how the shift is EUA economy triggers the global scene is something which we will have to wait and watch out for. While the rest of the nations and the ones with debt might be struggling, the year seems to look promising for the USA at least. 

By Andre R. Lazzuri