1. Consumerism and the Economy
... hear on a news show as a kid. The conclusion in the opposite sense is that if the US speeds up, its movement will boost growth around the globe. This week, we have found that the US economy is growing at 3.9% in annualized terms. Let's note the significant connotations deriving from this growth. Firstly, US consumers represent nearly a fifth of the world's GDP. Thus, if Americans do not ... buy pants because they have been snowed in by the snowstorms from the first quarter of 2014, this is bad news for the Chinese pants manufacturer, and also for the German machinery maker that exports ...
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- Approx Pages: 3