For past two decades or so, the global economy has been in a decline, particularly the United States economy. Prices and currencies have been fluctuating, and commodities such as oil have also escalating in price. This problem also leaves the people to find alternatives such as corn oil (biodiesel) and hybrid cars, which have positive effects for the environment. Biodiesel and hybrid cars emit less CO2.Citizens in the US are worried about the way of the economy is going through right now, they’re thinking that might have to face another crisis like the “Great Depression”. Not only that this will affect primarily US, but it will also affect the rest of the world.
A number of countries are heavily interdependent towards the US, which means currency will surely rise and fall, but most likely fall. The exports and imports will also fluctuate in terms of supply and demand, which probably means that there will be less international trade. The US has a great influence in the global market, whatever happens to them will affect everybody else in the world. The US used to be one of the most dominant markets in the world. Now, with their declining economy, economists state that even China’s economy will surpass the US economy in the nearby future.
A number of countries are heavily interdependent towards the US, which means currency will surely rise and fall, but most likely fall. The exports and imports will also fluctuate in terms of supply and demand, which probably means that there will be less international trade. The US has a great influence in the global market, whatever happens to them will affect everybody else in the world. The US used to be one of the most dominant markets in the world. Now, with their declining economy, economists state that even China’s economy will surpass the US economy in the nearby future.
TO BE CONTINUED.......
1 comment:
"To be continued..."
Copycat...
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