US Economy

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Title: US Economy

Essay Details:

Subject: Social Issues

Author: Angela H

Date: May 13, 2014

Level: University

Grade: B

Length: 5 / 1353

Essay text:

Japan's 1.5% and the European Union's 3.5% GDP growth in 2000. The economy was booming during this period, and the growth of the economy led the United States to nine years of consecutive expansion in 2000, which was the longest ever in its history. However, the US economy suffered a slowdown in 2001 as the GDP fell to -0.4% in the third quarter of 2001. This downturn occurred within the course of a year and led to this weakest performance since the first quarter of 1991 when the economy shrank 2.0% at the end of the last recession. This slowdown of the US economy in 2001 was due to several factors, primarily being the weaknesses in the manufacturing and IT sectors...

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