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Frequently Asked Questions

What is the current economic outlook for the United States?

Experts Forecast Steady Growth. The U.S. economic outlook is healthy according to the key economic indicators. The most critical indicator is the gross domestic product, which measures the nation's production output. The GDP growth rate is expected to remain between the 2% and 3% ideal range.

What will the economy look like in 2023?

The Federal Reserve estimated that the economy will return to a healthier 4.5% unemployment rate in 2021, 3.8% in 2022, and 3.5% in 2023. 6 The sectors with the biggest job gains included leisure and hospitality, private and public education, and professional and business services.

What will the economy look like in 2021?

The Federal Reserve estimated that the economy will return to a healthier 4.5% unemployment rate in 2021, 3.8% in 2022, and 3.5% in 2023. The sectors with the biggest job gains included leisure and hospitality, private and public education, and professional and business services.

How does the US economy maintain its powerhouse status?

The U.S. economy maintains its powerhouse status through a combination of characteristics. The country has access to abundant natural resources and a sophisticated physical infrastructure. It also has a large, well-educated and productive workforce.

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