Saturday, October 15, 2011

USA - what is the future

USA , once the political and Economic super power is facing the worst challenges of all type . The Political situation is not so strong that it can get all the proposal passed easily to bring the Economy back to track . The economic package of USD 400 Billion just announced by the President is facing strong objection. The Credit rating down grade by S&P  has impacted USA too much, although other Rating agency has not gone along with S&P. The Unemployment rate which is still continuing at 9.1% is a big challenge for any President. The way other emerging economies like India & China is coming up is an eye opener for USA . China is just not listening to the USA . USA has been creating noise recently about the fixed Currency management system of China but China always ignore such noise . USA need big Economic revival for the next three / four years . Its GDP growth rate of aroung 1~2% is just not enough for it .

Lets see what the Economist & Financial & Political Experts of USA is doing next   

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