The State of the National Economy

The United States has the most powerful, diverse, and technologically advanced economy in the world, with a per capita gross domestic product of $37,600. This is the largest among major industrial nations. The war in Iraq has been one of the biggest questions about how the economy is going to react. The background of our current economic situation has an enormous influence on the federal budget, on state and local government budgets, and on private sectors. …

…recovery is on its way. The recession is not over yet. Once the United States finishes the war with Iraq, they will toss their uncertainties that have plagued them for the past year and get on the way of bouncing back from the 2001 recession. Works Cited Bosworth, Barry. "Outlook for the National Economy". April 24, 2003. Hartwell, Dean. "Archive News" September 23, 2003. Stiglitz, Joseph. "The Effect of War on the United States Economy". August 21, 2003. http://taipeitimes.com/News