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BryanStewart |
Economy
Aug 30 2009, 11:36 PM EDT
Many people believe that the United States economy will recover faster than most European economies will. However, I was reading an article the other day and it was talking about how in reality the European economy should recover faster. Although most of Europe relies heavily on foreign trade their argument was that because exports are recovering around the world Europe will feel the impact much sooner than the US will. If anyone has any opinions on this issue they would be greatly appreciated.
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pgericson |
1. RE: Economy
Aug 31 2009, 6:51 PM EDT
Many thought, in the beginning, that the US would have to recover first: as it grew the nation would require more from overseas thus fueling their respective economic growths. This does not seem to be the case. The US has some particular problems, most importantly the slump in the housing industry and a shift away from consumption on the part of American consumers. This will slow our growth. The good news is that growing European and Asian economies will stimulate US exports - a good thing!
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