Categories
News

Signs of an economic comeback in the US begin to emerge.

For the better part of the last three years, America has taken part in, if not led, the global recession watching its stock exchange falter along with several of the largest banks requiring the government to bail them out. 

While the road to economic recovery is never easy, America has been making a substantial comeback over the course of the last few months in many ways.

One of the strongest reasons that America has been able to come back swinging is because news reports of its economic decline were greatly inflated and now the Dow Jones industrial average has seen a 70% increase in just the last 13 months. 

Add in the fact that auto sales are steadily regaining ground, up by approximately 16% since 2009 when it seemed that all American auto manufacturers were doomed to fail, and you have an equation that is starting to look pretty good for the Western powerhouse.

Signs of an economic comeback in the US begin to emerge.
Signs of an economic comeback in the US begin to emerge.

This strength is only exemplified when you look at the fact that the US dollar is once again back up and the US is close to surpassing Japan and Europe again in terms of growth with only India, Brazil, and China beating it on the growth tables and not as vibrantly as before.

The reason that it is harder to see the big picture and the great strides that America has made is because people are looking at the gloomier side, the after effects of the recession such as deficits and housing problems.

However, history has shown time and time again that America is able to take failure and turn it around with a willingness to restructure in an efficient way.

America has shown that there is always a way to rebuild from the ground up; the eternal hope that still drives immigrants to the country in storms looking for a place to start over.

Leave a Reply

Your email address will not be published. Required fields are marked *