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    Article analysis/opinion - US Slump Takes Toll Across Globe

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    Wall Street Journal, April 3, 2008 edition titled,


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    Solution Preview

    The overriding implication of the article is the global importance of the U.S. economy. As the largest economy in the world, the U.S. can make or break other economies through its demand cycles. Clearly those countries that are less dependent on U.S. consumption patterns will not feel the full effect of U.S. recessions. This is all general knowledge. There isn't anything ground-breaking about the article's data, either. Most economists agree that a recession is becoming more likely with each passing year, as the U.S. economy has been growing since 2001. Recessions are part of the business cycle, and are expected with regularity. The evidence ...

    Solution Summary

    The solution discusses an article analysis/opinion regarding a U.S. slump that takes a toll across the globe.