The post Presidential election era for US economy is seeing an optimistic outlook with increasing consumerism and improved housing sales data for the month of November. Despite growth rates have been observed in major states, Northeast was an exception due to the super-storm, ‘Sandy.’ According to one survey of Federal Reserve, growth has improved in nine of its twelve regional banking districts. Likewise, market analysts predict, the growth is exceptionally positive for the US economy and was desperately required.

With fears of looming fiscal cliff, the growth in US economy has provided some hopes to once sluggish economy with higher unemployment rates and pessimistic industrial/manufacturing indicators. At one side, where the economy is recovering, market is fearing that failure to reach a deal on fiscal cliff may once again jeopardize the growing economy, which shall eventually increase tax rates and reduce spending, inviting another round of irrecoverable and communicable recession.

Economists and market analysts from around the world have been pointing out ‘fiscal cliff’ as the major barrier for US economic growth and they believe that the fears off much hyped fiscal cliff is actually affecting the market sentiments, consequently lowering the real growth rate.

Improve in housing data, growth in automobiles indicators with rise in energy consumption is indeed revealing that US economy is now finally growing. The growth in US, on the other hand, is not only giving relief to US economy, but actually providing hopes to China and Euro zone. With improve in economic indicators in US, Chinese manufacturing index has also surged. Increasing consumerism in US has led to rise in production and eventually export levels of Chinese economy, raising Chinese economy as well.

No matter whatever short run economic indicators may reveal, all eyes are set on the political ideologies coming from Democrats and Republicans concerning fiscal cliff and sought deal to avoid the dreadful financial event on US economic timeline.

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