Wall Street Journal Article Summary

Economists from the United States ar now prognosticateing for our country to go by economic offset next quarter. A poll interpreted by a firm called macroeconomic advisers has shown that most economic experts expect a 1.7% growth in gross domestic harvesting (GDP) annually in the third quarter. But some economists are predicting even bigger numbers. The Commerce Department is predicting gains as a lot as 2.7% and some another(prenominal)s are looking for gains as overmuch as 3%. If the poll done by macroeconomic advisers is correct and our GDP grows at 1.7% annually (GDP doubling in around forty one years) would be way to decompress for our healing economy. Even the rate of 2.7% would be to slow for come forth mending economy and would drop our unemployment rate by half a percentage point.
With our economy in a fragile state many things could cause our economy to stall. If not stubborn the European debt crisis could be one of those things to stall our economy or even slowed spending by the Unites States Government. But still, Robert Mellman a J.P. Morgan economist says the chances for another recession have greatly diminished and everything is in a lot better state than feared. Even he increased his annualized prediction of GDP from 1.5% to 2.5%. Still any growth is better than no growth.




Many things hurt the economy during the guerilla quarter with only a 1.3% increase in GDP. Factors much(prenominal) as the Japan tsunami which caused great destruction including factorys being wiped out and freight being shipped to the United States and other countries to be lost. This caused a sort of snowball effect with consumers not being able to receive their goods and producers of goods not being able to receive the materials needed to make the goods they produce. Along with the tsunami high vegetable oil prices also had a negative effect on the economy. as well as the debates in Washington about the debt ceiling and the credit downgrade have had an adverse effect on consumers, companies, and investors spending. Economist Muray Harris was...If you wishing to get a full essay, order it on our website: Orderessay



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