U.S. Retakes the Helm of the Global Economy
Bloomberg reports how the U.S. is now back in the driver’s seat of the global economy after 15 years of watching China and emerging markets battle for the lead. Predictions foretell that the world’s biggest economy will expand by 3.2 percent or more this year – ranking its best performance since 2005. Surely, an impacting factor and another sign of America’s resurgence is said to be the turnaround of unemployment rates, which dropped to 5.6 percent. Indeed, Bloomberg is happy to state that the U.S. is again the engine of global growth and has succeeded in retaking the helm of the global economy…
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