Business > Is the Global Economy in a Boom or in a Bust?

When we’re talking about global economy we have to consider individual countries or regions, because while one region shows positive signs, another one might be in a big trouble. Of course one of the most significant countries in the world to affect global economic matters is the United States. It’s the largest economy in the world, with $11 trillion, the second largest is Japan, with xxxx trillion, and the third one is Great Britain with xxx trillion. These numbers give us a little perspective as to how important the US economy is in the context of world economy.

In the US we can see economic indicators that have never been seen before, and are indicating that a new economy is what surrounds us. The global and US economy is growing but inflation is not growing with it, and that is rather unusual. This self deflation is the result of the globalizes market place, where companies have to compete with each other on the international level. The world economies show a sign of self deflation.

Following the huge boom of the 1992-2000 time period the US economy got into a recession. Why? The reasons are the burst of the internet bubble, where thousands of dot com companies disappeared from the scene. Technological sector followed this internet bust, along with the stock market. US export slowed, the country has been showing a huge trade deficit of $55 billion in June. It means a lot more product is being imported than exported. Foreign investment stalled, as a matter of fact the US used to be the number one country for foreign investment, but today it’s only the third, following China and Luxemburg. This only shows that foreign

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