Article Title: The Economy Is Expanding. Why Are Economists So Glum?

Economic Expansion
Name
Institution
The Economy Is Expanding
Article Title: The Economy Is Expanding. Why Are Economists So Glum?
Date: 1/08/2020
Author: Jim Tankersley and Jeanna Smialek
Publisher: New York Times
Web Address: /2020/01/08/business/economy-recession-economists.html
The article covers the discussions that occurred during an annual meeting that was attended by economists. The main topic was that Trump’s economic policies have not been beneficial for the country, resulting in the lowest unemployment rates in 50 years (Smialek & Tankersley, 2020). Moreover, the wages are on the increase, which can be attributed to the growth of the economy that has been consistent for several years (Smialek & Tankersley, 2020). The growth is also criticized as depending on a combination of low-interest rates and high deficits, which means that the economy is exposed to various risks that can lead to negative events. The government is responsible for combating economic downturns in the future, and this will rely on increased government spending during cases of tax receipt reduction or when the economy weakens. 
The article by Smialek and Tankersley (2020) relates to the learning outcomes of describing macroeconomic issues. It reveals how the US economy has been growing, but it is at risk of inflation in the near future due to the anticipated economic changes. The economy is at a business cycle where there is increased productivity, and companies are expanding (Adrian et al. 2019). However, different issues such as government budget deficits, President Trump’s trade war with China and other countries, and the inability of federal banks to deal with another recession reveals that the economic future is dark. The article indicates that in 2019, the major issues were weak investment and trade tensions. The problems will escalate in 2020, which would mean many economies would get to the end of their business cycle. A major forecast is that China’s dominance can lead to financial disruptions and sharp slowdowns in most wealthy nations,...