Attached.

Running head: THE ECONOMY OF THE UNITED STATES

The Economy of the United States
Details
Name
Institutional Affiliation
Date

1

THE ECONOMY OF THE UNITED STATES
Introduction
The United States is considered as one of the most stable economies in the global
financial analysis and forecasting (England 2017). The different elements of the economy make
the United States a different economy from the rest of the world since they invest their wealth
into the country and developments that bring about progress. To precisely analyze the progress
of the United States when it comes to the economic moves and the concerns, the following is a
comprehensive analysis of the United States economy based on the state it was five years ago,
the present value and the future value based on the elements and determiners of the economy.
The growth rate of the economy is determined by the Gross Domestic Product 9GDP) as well as
the rates of inflation in the country regarding the value of the currency (Hall 2015). The
following is a critical reflection of the economy of the United States on how it has been in the
past five years, the present state and forecasting of the future value for it to be considered one of
the best and most stable economies in the global perspective:
The economy of the United States five years ago
The United States economy in the last five years, (2015) was slightly lower as compared
to the current state. Considering the various variables of the economy such as Gross Domestic
Product (GDP) the economy of the US was low since it was less than 2%. A normal and healthy
GDP is supposed to be between 2 and 3% hence promoting a quality economy for the country.
The United States has been struggling with economic stability such that effective measures are
required in the control of the challenges and promotion of a better economy. The economy was
not performing well especially due to the limited business activities, industrialization had not
been to the high notch as compared to the advancements that are boosting the economic status.

2

THE ECONOMY OF THE UNITED STATES

3

Based on the economic researches conducted in the United States, the Gross domestic products
in the United States for 2015 that was five years ago indicated that it had a value of 20.439
trillion (Papadimitriou, Nikiforos & Zezza, 2020). The growth of the economy has faced many
impediments ranging from increased donations and other things such as political instability
affecting the desired state of the economy. For the people in the United States, the growth has
been considered slower than normal due to the challenges of poor economic planning and
reduced aggression on the financial investments primarily meant to boost the economy (England
2017).
Five years ago, the GDP rank was second, indicating that the country was having slow
economic growth, an issue that reduced the competence of the economy as recommended. Based
on the strategic measures and issues involving the economic strategies ...