Assignment Essay Example | Topics and Well Written Essays - 750 words - 23

Assignment - Essay ExampleThe better looking components of the GDP were housing, business organisation investments in software and equipment and increased consumer expenditure. Consumer spending is a key element for the betterment of the economythis year as seen it augmented at a 2.2% drift as compared to 1.6% in the third quarter. This was most probably because the own(prenominal) income had increased by 2.8 percent in December 2012 (bea.gov)1c. According to the Federal Reserve officials the downfall in scotch growth in the fourth quarter of 2012 seems to be mainly due to weather-related disturbances and various otherwise temporary factors. However budget tightening is also a leading factor in the economic fall this quarter such as military spending that went down at a rate of 22.2% (Mitchell, 2013). The situation is likely to move towards betterment as the consumers are becoming more confident as prices of homes is increasing which gives them a feeling of security. As compan ies in the U.S invest more in equipment and software and consumers spending power growing, the economic situation might get better in 2013.1d. The U.S economy was in public treasury in 2009 but it seems now that currently it is just about to enter the expansion phase. With the all the cocksure energy of the economy experts and their hopes up we might just see a bright future afterward all.2b. There have been many reasons for the increase in value of Euro. People are now ofttimes relaxed about the death of the currency as the crisis no longer seems to be a threat so investors are not selling the currency in exchange for the dollar. As the U.S economy seems to topple as seen in the fourth quarter of 2012, the Euro has gained strength since the report.2c. An ascending Euro is very useful for the Euro zone countries for obvious reasons such as a strong economy. There also a disadvantage to a strong Euro as the currency ascends it threatens the export industry as the trading partners find it over expensive. For more developed countries the