Shandong Leadership Group Michael Bar, Economics

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Presentation transcript:

Shandong Leadership Group Michael Bar, Economics U.S. Economy Trends Shandong Leadership Group Michael Bar, Economics

U.S. Economic Growth Key sectors and challenges International Trade Questions, Data Sources

U.S. Economic Growth

U.S. Economic Growth 20.6% Pre-recession growth trend 2.2% annual $10,799 Post-recession growth trend 1.4% annual

U.S. Economic Growth U.S. economy did not fully recover after the “Great Recession” of 2008 – 2009.

The Rise of Services Structures Non Durables Durables Services

The Rise of Services

The Rise of Healthcare Expenditures

Challenges How to provide affordable healthcare to all?

Aging Population

Aging Population

Aging Population

Baby Boomers Retire

Challenges How to provide affordable healthcare to all? How to pay pensions and social security benefits to retirees?

Federal Government Budget -3.14%

Public Debt 76%

Cost of Public Debt 1.29%

Labor Markets

Labor Markets

Labor Markets

Challenges How to provide affordable healthcare to all? How to pay pensions and social security benefits to retirees? Current workers need to earn more Lower retirement compensation Increase retirement age

Another Housing Bubble?

Chances of Recession

Investors are Optimistic

International Trade

U.S. Export Partners

U.S. Import Partners

Data Sources Gapminder - bubble and other visualization. Population Pyramids. World Integrated Trade Solution visualization tools. Federal Reserve Bank Data. CIA World Factbook. Centers for Medicare & Medicaid Services.