Current Macroeconomic Situation in the USA Essay

Current Macroeconomic Situation in the USA - Essay Example The currency has not changed much in comparison to the Yen (OECD Publishing, 2012). The economic meltdown of 2008 greatly affected the prospects of the US economy and still hangs over the current economic situation. As a result, the current macroeconomic situation appropriately echoes the 2008 economic crisis in a highly significant manner. First is the aspect of slow growth where the American economy has been lethargic ever since the economy collapsed in 2008. Slow economic growth is currently prevailing in the United States, and economic development is occurring at a dawdling pace. It is estimated that the economy will grow at the rate of 2% through 2014. This is an indication that the economy will take more time to recover fully. Other predicaments affecting the economy of the United States include unemployment, inflation, and recession. Unemployment is at a very high level and is mainly caused by slow growth of the economy. As the economy takes more time to grow there are very fe w opportunities for employment, making it difficult to end the current problem of unemployment. Inflation is also a major problem affecting the US economy, which involves the incessant rise of prices of commodities. Inflation has partly been contributed by the current spate of economic stimulus programs, which have pumped a lot of funds into the economy with the aim of stimulating growth and creating job opportunities. Is the U.S. economy currently concerned about unemployment, inflation, and recession? The US economy is presently concerned about unemployment, inflation, and recession. These have been the principal factors affecting the economy ever since the 2008 economic meltdown (Leboeuf, 2012). The administration has injected trillions of money into the economy to stop the recession. There has been debate over the effectiveness of this strategy as to whether it will create inflation. At this position in time, America is experiencing age of "severity" an era of recession worst fr om the time of the "immense depression." In essence, recession is nastiest than inflation during this point of economy. Inflation and greed is an excellent thing for the economy to generate jobs to progress the economy when the economy is in a slump. Mr. Friedman counsel has stood the experiment of time with numerous Presidents inquiring about suggestions from him. America requires some type of "inflation" to provide the economy the thrust it need at this instance, certain the interest rates are low down, but Americans do not have the required assurance to either endow or spend to provide the economy the further it needs. America requires assurance at this time to twist the economy around. Americans as well need employments maybe the imminent election will modify the image we have at this occasion, numerous people are hoping. The US economy is primarily concerned about unemployment, which is a serious headache in the United States today. Slow economic growth is the chief reason for high unemployment cases. The US economic development has been very sluggish right from 2008 when the economy slipped. Job creation has been remarkably low in the United States creating a large population of individuals without jobs. Apart from concern over unemployment, the US economy is equally apprehensive about recession and inflation which as well have exerted a lot of pressure on the economy of