During final hours before the presidential election, both contenders, president of the United Stated, Barack Obama and presidential nominee, Mitt Romney are pointing opposing party’s economic agendas as non-cooperative to the economy of U.S. At one side, Romney sighting that the Obama’s economic policy might result in a sluggish economic growth, Obama administration on the other end, are very pessimistic over Romney’s economic sought and are seeing another severe economic recession off the proposed Republicans’ agendas.
In reality, no matter, whether Obama or Romney’s administration emerges victorious, the economy, in fact, is projected to get a positive momentum in terms of economic recovery. With the household debt at a lowest level since 2003, consumers are spending more and saving less, eventually improving consumerism and aiding to the economy. As home prices are regaining momentum after 30 straight percent fall from 2006 high and banks increasing lending amid boosted equity capital by more than $300 billion since 2009, U.S economy is believed to all set to take a optimistic leap in the post-election era.
Mark Zandi, Chief economists in West Chester, Pennsylvania, Moody’s Analytics Incorporation, opines, “The die is cast for a much stronger recovery.” With seen positive economic indicators, Zandi along with other senior economists from U.S forecast growth to be around 2 percent till the end of 2013, before the figure doubles and reaches around 4 percent during 2014 and 2015. The stimulated consumption, construction and hiring are believed to provide ignition for the sought economic growth.
With sought U.S post-election recovery, all the major economies like Euro zone, China, Japan and other major economies from Asia and North/South America are betting on the forecasted recovery and valuation of the green back. With most of the countries and regions like China, Euro zone, Japan, India among others directly involved in international trade to a massive scale with U.S, no matter whether in terms of export or import, the trade are expected to be affected with change in U.S economy and their appetite for either consumption or extraction of goods or even services. With improved U.S economy, all the investors are looking forward to cash the anticipated price movements in commodities like gold, silver, cotton, platinum, palladium, crude oil amongst others with change in magnitude and direction of commodity prices. |