As people know the truth about American economy related to many other countries. If U.S economy going down, it could cause inflation and economic chaos. Many countries depend on dollar cost. Most of U.S. economy problem caused by amid housing. People lent money from the bank to buy a house. However, they do not have ability to pay back. Federal Reserve Bank takes their house instead of money. It affects U.S. dollar value. As U.S. economy going down, dollar is cheaper and cheaper. It is going to cause inflation. Federal Reserve Bank should have strategy to defense U.S. dollar value.
Economic Growth
U.S. 0.5% growth
China 11.4% growth
Japan 1.4% growth
Canada 1.3% growth
India 7.9% growth
Russia 8.1% growth
As people can see the result. U.S. economic growth is too slow. "Many private economists and members of the U.S. public believe the country has already fallen into its first recession since 2001. For the first time, Federal Reserve Chairman Ben Bernanke acknowledged last week that a recession was possible." When FRD trying to limit the damage, they lower the interest rate to find their money. Their most problem started at subprime mortgage. They now have to consider their economy to rise up. U.S. economy already experience Great Depression. U.S. economy affects most of countries economy. It is now not just U.S. economy but all around the world economic problems to limit the inflation.
ST #: 20601011
Referencese
http://money.cnn.com/2008/04/09/news/international/world_economy.ap/index.htm?postversion=2008040910
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