According to the macroeconomic indices used within this article it seems like the economy is on the upside. With rising stock indices, lower volatility and higher predictions for growth within the year. However, what exactly do these indicators mean for the average man? Most of the benefits of the recovery accrue to the rich before affecting the poor and middle class. The US government response to this is to tackle such issues as medical care and keeping interest rates low (mainly by pumping money into the system) seems to be working. In Europe the fear of inflation keeps Germany from agreeing to such a response, and the complexities of managing a single currency for multiple sovereign countries comes to full force.
No comments:
Post a Comment