Home > Terms > English (EN) > United States

United States

The U.S. was the sleeper-hit of the global economy in 2013. Marked by a steady trend of GDP growth rate increases, surging stock markets, deficit reduction, and declining unemployment, the U.S. economy is brimming with short-term potential. When you include an energy boom, an entrepreneurial culture, low interest rates and the resurgence of manufacturing, you've got a recipe for continued expansion in 2014. And that expansion may no longer be so tepid: Third-quarter U.S. GDP was revised upward earlier this month from 2.8% to 3.6%. These factors, combined with the enormous scale of a $15.7 trillion GDP, portend a significant impact on the world economy in 2014.

While 2014 is the United States' oyster, beyond the short term, brooding clouds await. The threat of long-term budget deficits looms over the United States. In addition, continued political dysfunction has not only decreased the country's creditworthiness, but it's also diminished corporate confidence, a key ingredient for sustained economic growth. Finally, quantitative easing by the Federal Reserve is still a wild card. It's anyone's guess how the economy will absorb the absence of the Fed's bond buying in 2014.

Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Billy Morgan

Sports; Snowboarding

The British snowboarder Billy Morgan has landed the sport’s first ever 1800 quadruple cork. The rider, who represented Great Britain in the 2014 Winter Olympics in Sochi, was in Livigno, Italy, when he achieved the man-oeuvre. It involves flipping four times, while body also spins with five complete rotations on a sideways or downward-facing axis. The trick ...

Marzieh Afkham

Broadcasting & receiving; News

Marzieh Afkham, who is the country’s first foreign ministry spokeswoman, will head a mission in east Asia, the state news agency reported. It is not clear to which country she will be posted as her appointment has yet to be announced officially. Afkham will only be the second female ambassador Iran has had. Under the last shah’s rule, Mehrangiz Dolatshahi, a ...

Weekly Packet

Language; Online services; Slang; Internet

Weekly Packet or "Paquete Semanal" as it is known in Cuba is a term used by Cubans to describe the information that is gathered from the internet outside of Cuba and saved onto hard drives to be transported into Cuba itself. Weekly Packets are then sold to Cuban's without internet access, allowing them to obtain information just days - and sometimes hours - after it ...

Asian Infrastructure Investment Bank (AIIB)

Banking; Investment banking

The Asian Infrastructure Investment Bank (AIIB) is an international financial institution established to address the need in Asia for infrastructure development. According to the Asian Development Bank, Asia needs $800 billion each year for roads, ports, power plants or other infrastructure projects before 2020. Originally proposed by China in 2013, a signing ...


Online services; Internet

Spartan is the codename given to the new Microsoft Windows 10 browser that will replace Microsoft Windows Internet Explorer. The new browser will be built from the ground up and disregard any code from the IE platform. It has a new rendering engine that is built to be compatible with how the web is written today. The name Spartan is named after the ...

Featured Terms

stanley soerianto
  • 0


  • 107


  • 6


Industry/Domain: Beverages Category: Cocktails

Dry Martini

The Martini is typically the first cocktail many people think of when it comes to "fancy" drinks. While many neat drinks are ...

Featured blossaries

Beijing's Top Ten Destinations

Category: Travel   4 10 Terms

Advanced knitting

Category: Arts   1 23 Terms