Graphs



Economic Graphs

Introduction

Economic Report of the President of the United States a document published annually in February by a team of Economic Advisers of the President of the United States. It contains important information about economic developments, economic activities and major economic cell for the coming year. The report is often criticized on issues of significance of the content and objectives.

Discussion

The situation in the U.S. economy deteriorated again according to the Economic Report of the President 2012. U.S. markets continued to decline due to the negative economic reports. The dollar lost euro on news of a possible loan of Greece on the verge of default. Investors are still prone to pessimism after negative macroeconomic data from the U.S. labor market. Also, the number of industrial orders fell in April by 1.2% after rising 3.8% in March.

International rating agency Service said that if the U.S. government did not decide to raise the debt ceiling, the country's credit rating could be revised downward. In addition, the agency is reviewing the ratings of banks Citigroup, Bank of America and Wells Fargo & Co. As a result, the U.S. indices fell within 0.4%. The dollar fell to a three-week low against the euro after a report that the government of Greece and the euro-zone reached a preliminary agreement to provide additional assistance to the country. The dollar index, which reflects the cost of six major currencies, fell to 0.45%. The euro rose 1.1% to $ 1.45. The single currency also rose against the Swiss France.

According to some experts, the U.S. monetary authorities are no longer able to keep the “drive around” the economy, which both required and the tightening of monetary policy, and its mitigation (Gwartney, Stroup, Sobel, & Macpherson, 2013). The following graph will clear the above discussion.

Federal Surpluses / Deficits and Real GDP

Civilian Labor Force Participation Rate and ...