Thursday, May 26, 2011
Update on Economic Growth
The economy is growing, just not enough. The slowdown in the GDP growth rate will result in higher unemployment. We need the economy to grow at a 2% rate to maintain the current unemployment rate. A growth rate of 1.8% will cause unemployment to increase. The growth slowdown is largely attributed to a decline in government spending, inflation, and high oil prices. What should we do?
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Yeah, it will be interesting to see how things head next, we just need to be careful with how we go about things and make sure we keep it all simple instead of complicating anything at all. I am grateful to broker like OctaFX since they have lovely daily market news and analysis service, it’s easier to follow this yet highly effective and brings so much rewards for me and makes me entirely comfortable with everything and brings a lot of rewards.
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