Summary of the United States Economy

Summary of the United States Economy The US economy is some of the most powerful economies in the globe. This paper reviews the US economy and compared it to the China economy. The economy of the United States has a Gross Domestic Product Growth Rate of about 3.2 percent in the first quarter of 2019. The inflation rate in the economy of the United States indicates that it would increase to about 2.2 percent. On the other hand, the United States unemployment rate is measured at 3.8 percent. Comparison with the China economy In the first quarter of 2019, the Chinese Domestic Product Growth Rate increased with only 1.5 while that of the United States had increased with 3.2 percent. This is an indication that the United States economy has higher Domestic Growth Rate as compared to the Chinese economy. The inflation rate of the United States gover...