An article in Focus Economics entitled “U.S. Economic Outlook” presents the data that compares the current status with the economic state of the last five years. Today, the USA is at the positive stage of economic development. Positive stage characterizes by the solid personal disposable income and household spending, buoyant consumer confidence, the fastest growth of GDP in the third quarter of 2016 in comparison to previous years (“U.S. Economic Outlook”). The author provides positive perspectives for oil prices and improvements in US manufacture.
An article by Bureau of Economic Analysis confirms a stable growth of GDP at annual rate of 1.9%. The main contributors to the economic growth are finance, insurance, wholesale trade, and information services in the USA (“U.S. Economy at a Glance”). An article at World Financial Watch makes the emphasis on high gas prices, the Federal Reserve lowering interest rates, and sub prime mortgages as the factors most influential for the current US economy (“The Current State of the US Economy”). Besides, the USA faces the weakening of dollar and future increase of the interest rates. The author predicts a possible economic recession coming soon for the whole country.

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The researcher Amadeo identifies the US economy as healthy and stable because of the GDP growth, the natural rate of unemployment, minimum deflation and inflation. The author analyzes Trump’s promise to increase GDP to 4% and concludes that it will lead to damaging economic booms and busts. Aside from Trump’s statement, the article points that the US GDP growth will rise to 2.1 % in 2017 (Amadeo, “US Economic Outlook”). An overview of the US economy made by Jeff Cox considers the current state as economic liftoff or a trend to escape velocity (Cox, “Why 2016 Keeps Getting Uglier for US Economy”). A weak GDP growth, unstable oil prices, problems with dollar’s appreciating, negative years for junk bonds may lead to the most negative outcomes and economic recession. Obviously, despite a vivid positive data, the US economy does not increase its rates for now. It is believed that there will be no sufficient GDP growth and economic boom soon, as recession appears to be one of the probable forecasts for now.

    References
  • Amadeo, Kimberly. “US Economic Outlook: For 2017 and Beyond.” The Balance. Web. https://www.thebalance.com/us-economic-outlook-3305669
  • Cox, Jeff. “Why 2016 Keeps Getting Uglier for US Economy.” CNBC. Web. http://www.cnbc.com/2016/01/29/why-2016-keeps-getting-uglier-for-us-economy.html
  • “The Current State of the US Economy.” World Financial Watch. Web. http://www.worldfinancialwatch.com/us-economy/the-current-state-of-the-us-economy/
  • “U.S. Economic Outlook.” Focus Economics. Web. http://www.focus-economics.com/countries/united-states
  • “U.S. Economy at a Glance.” Bureau of Economic Analysis. Web. https://www.bea.gov/newsreleases/glance.htm