United States - Economist Intelligence Unit - The Economist
ELECTION WATCH: Mr Obama's switch to a more populist approach, emphasising the growing inequality in the US and Republican policies that favour the wealthy, appears to be helping him politically. Since he began pursuing this strategy last November, his job approval rating has risen to 48% from 43%, according to RealClearPolitics, a Chicago-based political website. The growing division between the rich and the middle class is a concern for the electorate, and polls show that a majority of voters would prefer higher taxes on the rich. However, more Americans are concerned about the state of the economy than about inequality within society. Mr Obama is likely to be seeking re-election with the unemployment rate stuck near 8%. He will be able to point to movement in the right direction (presidents who have presided over a decline in the unemployment rate leading up to an election have generally fared well), but the poor condition of the economy will still work against his re-election bid.
Country Forecast Overview (3 Year)
| Key Indicators |
2011 |
2012 |
2013 |
| Real GDP Growth (%) |
1.00 |
1.40 |
1.20 |
| Consumer Price Inflation (av;%) |
3.14 |
2.40 |
2.20 |
| Budget Balance (% of GDP) |
-8.70 |
-7.60 |
-6.30 |
| Current-Account Balance (% of GDP) |
-3.10 |
-3.30 |
-2.70 |
| Exchange Rate US$:Euro (av) |
1.00 |
1.00 |
1.00 |
| Exchange Rate US$:Euro(year-end) |
1.00 |
1.00 |
1.00 |
| Year |
GDP in Billions of USD PPP |
% GDP Growth |
| 2007 |
14,028.70 |
0.90 |
| 2008 |
14,291.60 |
-1.25 |
| 2009 |
13,938.90 |
-4.31 |
| 2010 |
14,526.60 |
2.20 |
| 2011 |
15,094.00 |
1.00 |
Source: EIU Country Data
United States of America: risk assessment
| Risk |
April 2012 |
| Sovereignrisk |
AA |
| Currencyrisk |
A |
| Bankingsector risk |
BBB |
| Politicalrisk |
AA |
| Economic structure risk |
A |
|
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