The United States of America (US or USA) is the largest and most important economy in the world. In 2010, The US economy was responsible for 20.218 percent of the world’s total GDP (PPP) or US$ 14.624 trillion.
They are facing a financial criysis since WW2.The usa is unable to recover from 2008,which was the worst Economy Crysis,Like that from the great depression,On the other hand,they must pay alot of dept to other countries.Especially china,USA owe them alot.Which causes USA to grow slowely.
It will affect us because,if the country earn less,the prices may rise,so the government can get right on track again.
Domestically, the US economy’s frailties were cruelly exposed during the 2008 financial crisis. The US economy has found it harder to recover from the 2008 financial crisis, believed to be the worst financial crisis since the Great Depression, as compared to previous downturns. Consumer confidence within the country is at all time low, perpetuating the slow economic growth since 2008.
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