U.S. Economy In 1999

Paper Summary:

In today's world, no nation exists in economic isolation, a fact which necessitates that this analysis consider the American economy in its global context after the beginning comments which focus on the more traditional macroreconomic indicators that are used in determining the viability of the American economy.

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"THE AMERICAN ECONOMY IN 1999
In today's world, no nation exists in economic isolation, a fact which necessitates that this analysis consider the American economy in its global context after the beginning comments which focus on the more traditional macroreconomic indicators that are used in determining the viability of the American economy. The Council of Economic Advisers (CEA) forecasts 2.3 percent growth through 2002. Generally, both the Federal Reserve Board and the Congressional Budget Office agree with this assessment (Bluestone & Harrison, 1997, 60). The year 1999, the last of the 20th Century, is forcing American economic theorists to completely reevaluate almost every aspect of traditional economic thinking, including reliance on traditional economic indicators (Lindsey, 1998, 42)."

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