Consumer sentiment among US residents surged in March to its highest value since 2004, according to the University of Michigan. An improving job market, expectations of increased disposable income from tax cuts, and prospects for continued economic growth offset concerns about tariffs and stock market volatility triggered by the US president’s impulsive tweets and policy shifts.
The general distrust of US citizens toward big government is part of the national fabric dating back to its independence and is born out today in patterns of popularity of US presidents and the policies they represent compared to consumer sentiment.
The United States being the biggest economy in the world significantly influences the global economic situation. The US economy is comprehensively covered by data and statistics from multiple government and private sources. We selected the most significant and up-to-date ones and presented them in this cheat sheet.
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Source: IMF World Economic Outlook (WEO) Database, October 2017
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