Article analysis/opinion - US Slump Takes Toll Across Globe
Please help analyzing this article and a personal opinion(your) to better understand this article. Any help will be very much appreciated.
Wall Street Journal, April 3, 2008 edition titled,
"U.S. SLUMP TAKES TOLL ACROSS GLOBE."
See the attached file.
© BrainMass Inc. brainmass.com March 4, 2021, 8:33 pm ad1c9bdddfhttps://brainmass.com/economics/economic-growth/article-analysis-opinion-usa-slump-takes-toll-across-globe-176891
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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.