Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
recovery of the U.S. economy
Economy

U.S. economic recovery could drag on: Federal Reserve experts

16.02.2021
2 min read

On what factors the U.S. economic recovery depends on

The coronavirus pandemic and declining global demand have severely hit many markets, including the United States. This situation has shown the fragility of the system and the need to improve it. Experts say that the recovery of the U.S. economy may be slowed down by crisis phenomena that have been observed for several months.
According to the forecast from the Federal Reserve analysts, the progress in the USA is slowed down by the recession in Europe, as traditional trade processes are disrupted. Without them, it is difficult to talk about rapid economic recovery.
The world market also has an impact on American activity. Decreasing demand and restrictive measures do not allow U.S. business to fully function and increase turnover. The Fed specified that in order for positive dynamics to appear as soon as possible it is necessary to increase trade volumes of all kinds regardless of the industry.
Another important point is tourism, which has also made a significant contribution to the country’s budget. During the quarantine, the flow of travelers from Europe has almost disappeared, and more time is needed to restore them. In addition, the purchasing power has decreased. Therefore, many tourists have refused to travel this year.
The recession and slowdown in markets around the world is somehow affecting the U.S. economy. The pandemic has caused a serious crisis on a global scale. While in April World Bank analysts talked about a 3% slowdown in the global economy, in June the forecast was revised and announced a decline by 5.2% before the end of this year. According to experts, the current recession will be the most severe since World War II.

recovery of the U.S. economy

However, the White House is more optimistic. They are confident that the country’s economy is recovering quite quickly, and has experienced a short period of decline, and is now confidently gaining momentum. Therefore, it is safe to say that growth processes will accelerate soon. However, the Federal Reserve experts do not agree on how quickly the economy will recover and when the signs of recovery will be felt.
On the U.S. stock market there is a fluctuation of major indices. Last week, the industrial indicator Dow Jones decreased by 0.77% and S&P 500 – by 0.54%. Exchanges are acutely responding to the slightest change, many participants are afraid of a second wave of pandemic, others have not yet recovered from the first wave. Everybody is afraid of new restrictions that will freeze the economy again, and investors are not in a hurry to make major deals. The uncertainty of the market is forcing them to hold on to their assets until it is clear where to go next and what areas can be considered promising.

Tags: Global Economy
0
Previous Post Jeffrey Gundlah: a brilliant investor with outstanding mathematical skills Next Post Stock assets in gold reached record values

You Might Also Like

Russian GDP growth
Economy
What GDP growth Russia showed in 2019: overview of the Ministry of Economic Development data
13.11.2020
GDP growth in France
Economy
GDP growth in France has slowed down for the first time since 2016
19.10.2020
Swedish authorities
Economy
Swedish authorities intend to develop a digital equivalent of the krone
15.08.2021
The minimum income in Latvia will change
Economy
The government intends to revise the minimum income in Latvia
21.06.2022
EU exports to China
Economy
EU needs to increase exports to China
26.06.2024
coal mining
Economy
Coal mining in India has increased by more than 22% in 5 years
12.09.2023

Popular Posts

  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Popular Posts

  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU
  • Li Ka Shing: How can success be achieved without money and education?
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics