What factors led to the slowdown of the US economy in 2001? Have matters improved in 2004? Evaluate the risks of a downturn in 2005 if oil prices remain over $40 a barrel. What are the effects on the European and Asian economies?

The US economy throughout the 1990s was positive with an upward trend up to the end of the decade. The US economy was expanding at an average rate of 4.5% a year from 1996 -2000. US' GDP growth in 2000 was at 4.1%, which was very high for a developed country and when compared to other economies, e.g. Japan's 1.5% and the European Union's 3.5% GDP growth in 2000.



The economy was booming during this period, and the growth of the economy led the United States to nine years of consecutive expansion in 2000, which was the longest ever in its history.

However, the US economy suffered a slowdown in 2001 as the GDP fell to -0.4% in the third quarter of 2001. This downturn occurred within the course of a year and led to this weakest performance since......

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Title: Us Economy
Approximate Word Count: 1406
Approximate Pages: 6 (250 words per double-spaced page)

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