The effect of any ONE key macroeconomic issue - Economic Assignment

Macroeconomic
Based on statistical data and information from books, academic journals, business magazines and other secondary sources, identify and describe the effect of any ONE key macroeconomic issue that will affect the economic well-being of a country.

Using macroeconomic concepts, principles and policies, suggest and describe possible macroeconomic policies that government can adopt to ease the problem of issue discussed.

If I'm decided to talk about shortage of food, oil issue where can I get the statistical data and how can I start it?T.Q

Good morning!

To ensure that your information is current, I suggest first doing an internet search using keywords such as "macroeconomic policies", and "food shortages" or "oil"; also be sure to search for the keyword of the specific macroeconomic policy you choose. You can normally find academic journals, business magazines, and other peer reviewed journals online; you might have to pay, but they're usually pretty accessible. You can also check with your academic advisor on campus; they may be able to show you additional resources on campus.

I hope this helps.

Regards,
Gloria
Moderator, EssayForum.com

Hi Gloria, last time I did mentioned the topic about 'shortage of food' and 'crude oil' but my lecturer said this is not the main issue but a small part issue that affect country well being....She said the better topic is 'US Recession'...But I felt very confusing and dunno how to start this assignment...Could u assist me by showing where is right way to start?Thanks...

Good afternoon!

OK, what macroeconomic policy are you thinking about applying to your subject? We can then search for the policy in regards to the current US recession and see what we get.

Regards,
Gloria
Moderator, EssayForum.com

inflation --->>> unemployment...can I use Fiscal policy or Monetary policy?

OK, let's see; if you search for "inflation" and "causes, current US recession" there are links that come up containing "recession causes"; that is something you probably want to look into. If you search for "unemployment" and "causes, current US recession" there are pages brough up that talk about unemployment and slowing consumer spending; that is probably one you will want to look into.
As far as fiscal and monetary policy, I would just do a broad keyword search and see what you come up with; the problem with those could be that there is too much information; depending on your time frame and length requirements, it could be a bit daunting.

Good luck!

Regards,
Gloria
Moderator, EssayForum.com

Sorry...I'm not going to do this...give up...I did a lot of research but found that very tough....Could u recommend me others country which face high inflation and unemployment?Submission date:1/6 1000 words

OK, how about this: what if you research "unemployment in industrialized countries"? Here you can start out with a large amount of information on several countries, making the amount of research large and easy to sift through, and then spend a small amount of time on each of the countries, presenting an array of unemployment situations coming from various backgrounds, instead of focusing on one, singular country?

Regards,
Gloria
Moderator, EssayForum.com

Hi Gloria, I did 'US Recession 2007' and this is part of my work...I need u to assist me whether I'm on the right track.....
This is my out-line:
1st Paragraph-Introduction(Defined Recession and bring it into US economy overview)
2nd Paragraph-Based on statiscal data and identify US economy is slowdown)
3rd Paragraph-Factors that lead to Recession
4th Paragraph-Impact of Recession
5th Paragraph-Government can use fiscal and monetary policy to ease the problem(such as cutting taxes, decrease in interest rate and etc)
6th Paragraph-Conclusion

Please comment on it for me thanks....I think I may need to cut off some words but I dunno whether which information is important which is lack important...Please help me on it and correct my grammar as well...Thanks a lot...

REMOVED

Good afternoon!

Here are my suggestions:

Paragraph 1:

"The sharp slowdown of the U.S. economy in late last year and corporations' weak financial reports are dragging the U.S. economy into a grey area between recession and slow growth. Nice opening! Consumers are spending cautiously after evidence fuel costs (How about changing to "... increased fuel costs..." , a slump in home values and a deteriorating job market eroded consumer confidence (Chandra, 2008). (Always put your period on the outside of your closing elliptical in a situation including an inline citation.) It is due to people's reservations regarding the economy; they are wary of food and gas prices being higher, and needing to economize just to survive. The United States entered a recession mainly because of the slowdown in consumption spending. Chandra (2008) affirms that the current forecast about a possible recession has been sparked by mounting US sub-prime debt defaults ; the purchasing power of the American consumers has fallen substantially. The continuing downturn will be concentrated in residential investments and consumption, and the housing market will be the key. Such a slowdown, however, is inevitable as consumers, already burdened by record high levels of debt, are hit by layoffs, rising fuel and food prices, as well as the impact of the housing crisis and credit crunch (WSWS.ORG, 2008)." You've stuck to your outline very well here. On to the next:

Paragraph 2:

"The main factor pushing the economy into recession will be weakness in the housing market. "...a housing bubble initially is a glut of supply of new homes as high prices led to high and excessive production of new homes and subsequently a fall in demand as speculative high prices and rising rates made the purchases of housing less affordable to many. Then the ensuing inventory adjustment and lead to the increasing rate in unsold homes. Next, the reduction in the production of new homes and lower housing starts as the homebuilders with falling revenues and profits and lower expected demand finally reacted to the growing glut of unsold inventories. Most importantly, borrowing against home equity, which had been the main factor fueling consumption growth, will plummet as many homeowners lack any further equity to borrow against" (Roubini Global Economics, 2008). This results in a downturn in consumer spending, which together with plunging housing investments, will likely push the economy into recession. The downturn has left hundreds of thousands of people unable to refinance unaffordable sub-prime mortgages, which is a phenomenon widely viewed as one of the root causes of the credit crunch which has wreaked havoc through global markets (Guardian News and Media Ltd, 2008). The housing bubble fueled the US economy directly through its impact on the housing sector and indirectly through the impact that housing wealth had on consumption. Evidence shows that the housing construction and sales account for more than six percent of GDP. The wealth effect created by the housing bubble fueled an extraordinary surge in consumption over the last five years, as savings actually turned negative." Good job sticking to your outline here too!

Paragraph 3:

"The second restraining factor is that higher energy and food prices, driven primarily by supply factors, are eroding consumer discretionary spending power. If the consumer gets scared, we could soon see an avalanche of defaults in household debt followed by much tighter credit. This kind of collapse would bring the most serious downturn of economy. Next will be the credit crunch emerging in the . According to Makin (2007), the credit crunch that has emerged since late July is a clear signal of a move closer to recession. Tighter credit conditions mean that the drag on the U.S. economy will soon spread beyond the housing sector to affect consumption and investment decisions (Makin, 2007). With house prices now falling, the number of homeowners who have exhausted their ability to borrow against their home will rise rapidly. A sharp run-up in credit card debt earlier this year provides evidence that this is already happening, as people who were unable to borrow against their homes likely turned to their credit cards. However, credit card borrowing cannot replace borrowing against home equity , and consequently millions of homeowners will soon be forced to curtail their consumption as home prices decline." Good work; you are sticking to your outline and the paragraphs clearly state your reasons and then explain their effects.

Paragraph 4:

" "...released on the latest report... of national unemployment figures, the spike in new jobless claims, along with a series of other dismal economic reports, provides further evidence that the US economy is heading towards or is already in a recession" (White, 2008). The Labor Department reported a slight decrease in the unemployment rate down to that of 4.9 percent. Factoring in the decline the number of adults participating in the labor force, the unemployment rate is closer to 6.7 percent " Where does this quote begin? (Morici, 2008). Moreover, very rapid interest rate cuts and prompt massive government deficit spending succeeded in containing the recession. The phony "wealth effects" derived from the escalating housing bubble became the key source of demand creation in the United States. However, the unpleasant longer-term result of the new policies was an unusually weak and lopsided economic recovery, particularly seeing drastic shortfalls in employment and income growth." Good work sticking to your topic here also!

Can't wait for the rest!

Regards,
Gloria
Moderator, EssayForum.com

Can I add this paragraph in 2nd paragraph?Is is relevant?Any grammar mistakes here?

The weakening housing market is exit builders with record inventory and modest choice but to trim down prices at a time when profits are declining. Some Federal Reserve policy makers have assumed that there is a slump in housing is one of their main concerns because refinancing, which provided homeowners with extra cash to spend, may dry up as home values decline and US economic so.
 

You could add it, but I'm not really sure it's useful. You could add in a one line summation of it and insert it, but it would have to be something like, "Some Federal Reserve policy makers have targeted the housing slump as one of their main concerns because refinancing, which provided homeowners with extra cash to spend, may dry up as home values decline." You could fit it in after the Guardian News and Media Ltd, 2008 citation, but you could also leave the second paragraph alone and be fine. Either way.

Regards,
Gloria
Moderator, EssayForum.com

The sharp slowdown of the U.S. economy in late last year and corporations' weak financial reports are dragging the U.S. economy into a grey area between recession and slow growth. There is a growing consensus that 2008 will be a period of recession in the United States. The combination of high oil prices, delayed effects of rising interest rates and slump of housing that is now leading to a US recession is a phenomenon that is common to many other economies, which is heavily influenced US economic growth. Consumers are spending cautiously after evidence increased fuel costs, a slump in home values and a deteriorating job market eroded consumer confidence (Chandra, 2008). It is due to people's reservations regarding the economy; they are wary of food and gas prices being higher, and needing to economize just to survive. It can be supported by the analysis of Kuttner (2008) '...household savings rates are currently negative, meaning that new debt exceeds new savings. Home equity as a percentage of the value of the house is at a record low as people borrow against their homes for living expenses, while credit-card and tuition debt are at record highs'. The United States entered a recession mainly because of the slowdown in consumption spending. Chandra (2008) affirms that the current forecast about a possible recession has been sparked by mounting US sub-prime debt defaults; the purchasing power of the American consumers has fallen substantially. The continuing downturn will be concentrated in residential investments and consumption, and the housing market will be the key. Such a slowdown, however, is inevitable as consumers, already burdened by record high levels of debt, are hit by layoffs, rising fuel and food prices, as well as the impact of the housing crisis and credit crunch (WSWS.ORG, 2008).
The main factor pushing the economy into recession will be weakness in the housing market. "...a housing bubble initially is a glut of supply of new homes as high prices led to high and excessive production of new homes and subsequently a fall in demand as speculative high prices and rising rates made the purchases of housing less affordable to many. Then the ensuing inventory adjustment and lead to the increasing rate in unsold homes. Next, the reduction in the production of new homes and lower housing starts as the homebuilders with falling revenues and profits and lower expected demand finally reacted to the growing glut of unsold inventories. Most importantly, borrowing against home equity, which had been the main factor fueling consumption growth, will plummet as many homeowners lack any further equity to borrow against" (Roubini Global Economics, 2008). This results in a downturn in consumer spending, which together with plunging housing investments, will likely push the economy into recession. The downturn has left hundreds of thousands of people unable to refinance unaffordable sub-prime mortgages, which is a phenomenon widely viewed as one of the root causes of the credit crunch which has wreaked havoc through global markets (Guardian News and Media Ltd, 2008). Some Federal Reserve policy makers have targeted the housing slump as one of their main concerns because refinancing, which provided homeowners with extra cash to spend, may dry up as home values decline. The housing bubble fuelled the US economy directly through its impact on the housing sector and indirectly through the impact that housing wealth had on consumption. Evidence shows that the housing construction and sales account for more than six percent of GDP. The wealth effect created by the housing bubble fuelled an extraordinary surge in consumption over the last five years, as savings actually turned negative.
The second restraining factor is that higher energy and food prices, driven primarily by supply factors, are eroding consumer discretionary spending power. Rising in interest rates and higher gasoline prices are putting the squeeze on consumers' budgets, and many of them are finding it harder to keep up with their bills. Likewise, if the consumer gets scared, we could soon see an avalanche of defaults in household debt followed by much tighter credit. This kind of collapse would bring the most serious downturn of economy. Next will be the credit crunch emerging in the United States. According to Makin (2007), the credit crunch that has emerged since late July is a clear signal of a move closer to recession. Tighter credit conditions mean that the drag on the U.S. economy will soon spread beyond the housing sector to affect consumption and investment decisions (Makin, 2007). With house prices now falling, the number of homeowners who have exhausted their ability to borrow against their home will rise rapidly. A sharp run-up in credit card debt earlier this year provides evidence that this is already happening, as people who were unable to borrow against their homes likely turned to their credit cards. However, credit card borrowing cannot replace borrowing against home equity, and consequently millions of homeowners will soon be forced to curtail their consumption as home prices decline.
"...released on the latest report of national unemployment figures, the spike in new jobless claims, along with a series of other dismal economic reports, provides further evidence that the US economy is heading towards or is already in a recession" (White, 2008). The Labor Department reported a slight decrease in the unemployment rate down to that of 4.9 percent. Factoring in the decline the number of adults participating in the labor force, the unemployment rate is closer to 6.7 percent "(Morici, 2008). Moreover, very rapid interest rate cuts and prompt massive government deficit spending succeeded in containing the recession. The phony "wealth effects" derived from the escalating housing bubble became the key source of demand creation in the United States. However, the unpleasant longer-term result of the new policies was an unusually weak and lopsided economic recovery, particularly seeing drastic shortfalls in employment and income growth."

With economic growth slowing, inflation and unemployment are the impacts of caused by recession. The Federal Reserve (FED) projected that the national unemployment rate will rise to between 5.5 percent and 5.7 percent this year as unemployment generally rises during recessions and it is significant higher as compare to last year unemployment rate averaged 4.6 percent. (Aversa, 2008) On the other hand, with energy prices marching upward, the Fed raised its projection for inflation. The Fed now expects inflation to be between 3.1 percent and 3.4 percent this year. That's higher than its old forecast for inflation, which was estimated to come in at around 2.1 percent to 2.4 percent. This stagflation was caused partly by an increase in oil costs that shift the aggregate supply curve to the left and partly by an increase that kept prices rising despite high levels of unemployment. (Calsulated Risk, 2008)

[img] [/img] http://bp0.blogger.com/_pMscxxELHEg/R6znY2Q3QVI/AAAAAAAABlU/ 8VwRQOapGYo/s1600-h/Unemploy1.jpg

Figure 2: US Unemployed Rate and Unemployed Workers
Source: Calculated Risk

This graph shows the unemployment rate and the number of unemployed workers since 1969. The two curves clearly move together, although with a growing population, the same number of unemployed workers now gives a lower unemployment rate than in previous periods.
During an economic slowdown, some potential workers don't seek work whether by choice or circumstances, so the participation rate falls. According to the calculation of John and Dean(2 008), an increase in the unemployment rate to 8.2%, would give about 12.8 million unemployed workers, or an increase of 5.2 million from today. For a mild-to-moderate recession, with an increase in the unemployment rate to 6.5%, the number of unemployed workers would rise by 2.6 million to 10.2 million but it is based on the size of the current credit and solvency problems, in relation to the $14 trillion U.S. economy.

Analysis of Kuttner shows that '...an ordinary recession is a cycle of economic contraction that either cures itself when prices drop and buying resumes, or is cured by government acting to stimulate the economy through lower interest rates or increased public deficit-spending, or both' (Kuttner, 2008). Government can adopt to ease the impacts of Recession by the economic tricycle of monetary, regulatory, and fiscal policy. Fiscal policy can be use to stimulate the economy through government spending in the event of a downturn housing slump. '...it is reasonable for Congress to enact a stimulus package including tax cuts and spending measures to counteract the slump; however, concern over the size of the deficit could prevent effective action. If political factors prevent effective monetary and fiscal measures, then a slump caused by the collapse of the housing bubble could be prolonged considerably' (Kutnner, 2008). With the risk of a recession looming consistently, government can also use monetary policy such as public outlay to complement the spending of tapped-out workers and consumers, leaving the highly risky course of cheap money and asset inflation as a strategy for stimulating the economy.

As conclusion, US dollar's decline has the potential to send the world economy into a crisis and hopefully it can passes over this hectic time and it is believed that the US economy recovery is the key indicators to ameliorate the world economy.
 

Can I insert this paragraph in the strategy that the Government ease the problem?

The tax rebates is a strategy to prompt people to purchase more goods and services and thus knock the economy back on track. If enough people quickly spend their bonus cash, it will send a boost of demand into the economy, which should then encourage companies to increase supply and create more jobs. If all works according to plan, more jobs will lead to more spending and thereby keep the economy from slipping into a recession. (McGrath, 2008)

You could; clean it up a little though:

"The issuance of economic stimulus tax rebates by the government is a strategy designed to prompt people to purchase more goods and services and thus knock the economy back on track. "If enough people quickly spend their bonus cash, it will send a boost of demand into the economy, which should then encourage companies to increase supply and create more jobs." (This is an exact word-for-word quote from http://money.howstuffworks.com/tax-rebate-downturn.htm; to avoid plagiarism penalties, make sure you enclose the entire comment in quotation marks and include an inline citation following it.) [b] If all works according to plan, more jobs will lead to more spending and thereby keep the economy from slipping into a recession. (McGrath, 2008)" (This is an exact word-for-word quote from http://money.howstuffworks.com/tax-rebate-downturn.htm; to avoid plagiarism penalties, make sure you enclose the entire comment in quotation marks and include an inline citation following it.)

Regards,
Gloria
Moderator, EssayForum.com

Thanks...I already cited it....Tomorrow is my submission date...so I'm waiting for the rest from you....U're really helpful instead of my lecturer...hehe

Hi Gloria, can I add this sentences to support the statement of tax rebates can contributes to ameliorate US economy?
The economy was cushioned by a large fiscal boost in 2001, thanks to tax cuts and bigger spending, as well as much lower interest rates and lead to the exist of recession.

OK, here's the rest:

"The sharp slowdown of the U.S. economy in late last year and corporations' weak financial reports are dragging the U.S. economy into a grey area between recession and slow growth. There is a growing consensus that 2008 will be a period of recession in the United States. The combination of high oil prices, delayed effects of rising interest rates, and a slump in housing is now leading to a US recession; a phenomenon that is common to many other economies, which is heavily influenced US economic growth. Consumers are spending cautiously after evidence of increased fuel costs, a slump in home values, and a deteriorating job market eroded consumer confidence (Chandra, 2008). It is due to people's reservations regarding the economy; they are wary of food and gas prices being higher, and needing to economize just to survive. It can be supported by the analysis of Kuttner (2008): "...household savings rates are currently negative, meaning that new debt exceeds new savings. Home equity as a percentage of the value of the house is at a record low as people borrow against their homes for living expenses, while credit-card and tuition debt are at record highs" . The United States entered a recession mainly because of the slowdown in consumption spending. Chandra (2008) affirms that the current forecast about a possible recession has been sparked by mounting US sub-prime debt defaults; the purchasing power of the American consumers has fallen substantially. The continuing downturn will be concentrated in residential investments and consumption, and the housing market will be the key. Such a slowdown, however, is inevitable as consumers, already burdened by record high levels of debt, are hit by layoffs, rising fuel and food prices, as well as the impact of the housing crisis and credit crunch (WSWS.ORG, 2008).
The main factor pushing the economy into recession will be weakness in the housing market. "...a housing bubble initially is a glut of supply of new homes as high prices led to high and excessive production of new homes and subsequently a fall in demand as speculative high prices and rising rates made the purchases of housing less affordable to many. Then the ensuing inventory adjustment and lead to the increasing rate in unsold homes. Next, the reduction in the production of new homes and lower housing starts as the homebuilders with falling revenues and profits and lower expected demand finally reacted to the growing glut of unsold inventories. Most importantly, borrowing against home equity, which had been the main factor fueling consumption growth, will plummet as many homeowners lack any further equity to borrow against" (Roubini Global Economics, 2008). This results in a downturn in consumer spending, which together with plunging housing investments, will likely push the economy into recession. The downturn has left hundreds of thousands of people unable to refinance unaffordable sub-prime mortgages, which is a phenomenon widely viewed as one of the root causes of the credit crunch which has wreaked havoc through global markets (Guardian News and Media Ltd, 2008). Some Federal Reserve policy makers have targeted the housing slump as one of their main concerns because refinancing, which provided homeowners with extra cash to spend, may dry up as home values decline. The housing bubble fueled the US economy directly through its impact on the housing sector and indirectly through the impact that housing wealth had on consumption. Evidence shows that the housing construction and sales account for more than six percent of GDP. The wealth created by the housing bubble fueled an extraordinary surge in consumption over the last five years, as savings actually turned negative.
The second restraining factor is that higher energy and food prices, driven primarily by supply factors, are eroding consumer discretionary spending power. Rising in interest rates and higher gasoline prices are putting the squeeze on consumers' budgets, and many of them are finding it harder to keep up with their bills. Likewise, if the consumer gets scared, we could soon see an avalanche of defaults in household debt followed by much tighter credit. This kind of collapse would bring the most serious downturn of economy. Next will be the credit crunch emerging in the United States. According to Makin (2007), the credit crunch that has emerged since late July is a clear signal of a move closer to recession. Tighter credit conditions mean that the drag on the U.S. economy will soon spread beyond the housing sector to affect consumption and investment decisions (Makin, 2007). With house prices now falling, the number of homeowners who have exhausted their ability to borrow against their home will rise rapidly. A sharp run-up in credit card debt earlier this year provides evidence that this is already happening, as people who were unable to borrow against their homes likely turned to their credit cards. However, credit card borrowing cannot replace borrowing against home equity, and consequently millions of homeowners will soon be forced to curtail their consumption as home prices decline.
"...released on the latest report of national unemployment figures, the spike in new jobless claims, along with a series of other dismal economic reports, provides further evidence that the US economy is heading towards or is already in a recession" (White, 2008). The Labor Department reported a slight decrease in the unemployment rate down to that of 4.9 percent. Factoring in the decline the number of adults participating in the labor force, the unemployment rate is closer to 6.7 percent" (Morici, 2008). Moreover, very rapid interest rate cuts and prompt massive government deficit spending succeeded in containing the recession. The phony "wealth effects" derived from the escalating housing bubble became the key source of demand creation in the United States. However, the unpleasant longer-term result of the new policies was an unusually weak and lopsided economic recovery, particularly seeing drastic shortfalls in employment and income growth." Citation for this quote?

With economic growth slowing, inflation and unemployment are the impacts of caused by recession. The Federal Reserve (Fed) projected that the national unemployment rate will rise to between 5.5 percent and 5.7 percent this year as unemployment generally rises during recessions and it is significant higher as compare to last year unemployment rate averaged 4.6 percent (Aversa, 2008). On the other hand, with energy prices marching upward, the Fed raised its projection for inflation. The Fed now expects inflation to be between 3.1 percent and 3.4 percent this year. That's higher than its old forecast for inflation, which was estimated to come in at around 2.1 percent to 2.4 percent. This stagflation was caused partly by an increase in oil costs that shift the aggregate supply curve to the left and partly by an increase that kept prices rising despite high levels of unemployment (Calculated Risk, 2008).

Your figures did not upload; please try again.

Figure 2: US Unemployed Rate and Unemployed Workers
Source: Calculated Risk

This graph shows the unemployment rate and the number of unemployed workers since 1969. The two curves clearly move together, although with a growing population, the same number of unemployed workers now gives a lower unemployment rate than in previous periods.
During an economic slowdown, some potential workers do not seek work whether by choice or circumstances, so the participation rate falls. According to the calculation of John and Dean (2008), an increase in the unemployment rate to 8.2%, would give about 12.8 million unemployed workers, or an increase of 5.2 million from today. For a mild-to-moderate recession, with an increase in the unemployment rate to 6.5%, the number of unemployed workers would rise by 2.6 million to 10.2 million but it is based on the size of the current credit and solvency problems, in relation to the $14 trillion U.S. economy.

Analysis of Kuttner shows that "...an ordinary recession is a cycle of economic contraction that either cures itself when prices drop and buying resumes, or is cured by government acting to stimulate the economy through lower interest rates or increased public deficit-spending, or both' (Kuttner, 2008). Government can attempt to ease the impacts of Recession by the economic tricycle of monetary, regulatory, and fiscal policy. Fiscal policy can be use to stimulate the economy through government spending in the event of a downturn housing slump. "...it is reasonable for Congress to enact a stimulus package including tax cuts and spending measures to counteract the slump; however, concern over the size of the deficit could prevent effective action. If political factors prevent effective monetary and fiscal measures, then a slump caused by the collapse of the housing bubble could be prolonged considerably" (Kutnner, 2008). With the risk of a recession looming consistently, government can also use monetary policy such as public outlay to complement the spending of tapped-out workers and consumers, leaving the highly risky course of cheap money and asset inflation as a strategy for stimulating the economy.

In conclusion, the US dollar's decline has the potential to send the world economy into a crisis and hopefully it can pass over this hectic time; it is believed that the recovery of the US economy is the key indicator to ameliorate the world economy."

Good job!

Regards,
Gloria
Moderator, EssayForum.com

I think adding that sentence would be fine.

Regards,
Gloria
Moderator, EssayForum.com

Conclusion

In conclusion, US economy today is incomparably and it is more vulnerable than the past. All the growth-impairing are imbalances in the economy such as the trade deficit, the savings and incomes shortage and the debt levels have dramatically worsened. The consistently declining of US dollar has the potential to transmit the world economy into a crisis and hopefully it can pass over this hectic time; it is believed that the recovery of the US economy is the key indicators to ameliorate the world economy.

Good evening :)

"In conclusion, the US economy today is incomparably more vulnerable than the past. All the growth-impairing are results of imbalances in the economy such as the trade deficit, the savings and income shortage, and worsened debt levels. The consistently declining US dollar has the potential to plunge the world economy into a crisis; hopefully it can sustain this hectic time. It is believed that the recovery of the US economy is the key indicator to ameliorate the world economy."

Good job!

Regards,
Gloria
Moderator, EssayForum.com

Thank you very much Gloria...Finally finished this assignment...but I still have another 2 to work on in this semester....Oh ya...If the assignment relates to Financial Accounting can Essay Forum help?

Good morning :)

We can help you organize, format, and edit the essay; we probably wouldn't be able to help very much in regards to the content, as we're not in the class with you :(
We'll do what we can, that's for sure!

Regards,
Gloria
Moderator, EssayForum.com