US MACROECONOMIC SITUATION

Current US macroeconomic situation

Current US macroeconomic situation

Introduction

The attacks of 11 September in the United States has dealt a blow to the global economy, significantly reducing the confidence of economic agents and creating considerable uncertainty about the outlook for global economic activity. The United States is considered to be already in recession. However, other regions will be affected and in the immediate future, global economic growth will drop to levels not seen since early 1980 (Institute of International Finance, 2010).

Discussion and Analysis

In this context, the macroeconomic policy response has been rapid and substantial, particularly in the United States. Assuming that ...