Essay: The economic growth of US

15 Jul

Essay: The economic growth of US

Since the economic growth of the US is not increasing at a high rate as expected, it is notable that there are other major hindrances to the growth. Theo most significant factor is the weakening of the US dollar.

With a strong dollar, companies in the country relying on imports are competitive in pricing. However, this is not the case as the value of the dollar weakens. This in return affects companies heavily relying on foreign raw materials such as clothing industry this depressing the entire sector. Companies in this sector are not as competitive in marketing as they ought to be with a strong currency (Mohr, 2012).

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