United States, one of the largest national economies of the world, has been caught up in several economic glitches lately. Sinking production and rising unemployment, along with high import rates has raised the eyebrows of many economists over the performance of the US economy.
United States has been portrayed as a super power of the universe, but the drag in its economy is questioning its supremacy, for which the US has been known for years. The economic revival after the 2008 recession has been the weakest post Second World War. The main reason behind the slow expansion of the US economy is that the US is unable to satisfy the needs of its own citizens. There is a huge deficit in production and all requirements are met by imports, thus increasing the burden on the economy.
At the same time, the trade and globalization policies have not fared well. However, the situation is still not out of control. If timely measures are taken, the US economy will bounce back into the main stream.