Eminent Recession?
Through the recent week, the global economy has noticeably slowed down, and many economists from the U.S. fear a recession, a period of time where the economy will be either declining or the growth rate will be drastically slowed to the point where it'll affect millions of people around the world, especially since the recent globalization movement of labor and money around the world. The reason why for 6 years our economy has been growing non-stop is because of our housing market's overall good condition, and the stability of America's job, and most importantly the "global saving glut". What this essentially did was that the majority of the world saved their money and somehow America ended up with portions of the massive amounts of saved money all around the world and kept on spending. The reason why it is slowing down recently is because the job stability for the american citizens have fallen with the recent outsourcing increasing in number, and the housing market prices are falling through the roof, and the american people have stopped buying.
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