US setback

Posted by admin under Economy, Stock Exchange, U.S. Economy

The US is a developed country which economy is one of the most stable. Its currency is used as the standard unit for international trading. It is the home most influential institutions and major stock market like the New York Stock Exchange which has the biggest value in the whole world. The government is highly credited for its success because they work hand and hand and it is very supportive when it comes to the economical aspect of the country. They have low rates of unemployment and high salary for the workers which attract immigrants.

Though the US is known for being well established but due to the housing bubble or housing slump it was also hit hard by the recession. Many American corporations needed to cut down its expenses through closing a number of stores. People became more decisive. They cut down on expenses and prioritize on necessities only. Unemployment which is the result of the disruption of work transactions became the biggest problem for the entire households. With this enormous crisis in hand will the US economy survive?