The Perks of Being an Economist

About

A bunch of economists aiming to provide you, the average consumer in the world, with a comprehensive view of economics (especially Negative and Slow Economic Growth) without the technical jargon.

We're perky economists in this less-than-perky economy

-Azfer, Febrianus Josua, Jialei

Link: http://www.dailyfinance.com/2010/07/25/six-reasons-to-expect-slow-economic-growth-ahead/


Six reasons for American Slow Economic Growth

1. The U.S. money supply isn’t rising enough to fuel strong growth

2. The job market is dominated by temp and freelance/contract work.

3. Financial insecurity is rising.

4. Home values are still declining in much of the country.

5. Households have gone from borrowing freely against their home equity to paying down debt.

6. Local taxes will rise, reducing household income and spending.

article slow economic growth

Link: http://www.nytexaminer.com/2012/03/good-and-bad-reasons-for-slower-economic-growth/


Generally slower economic growth is a result of:

1) slower productivity growth;

2) higher unemployment or underemployment (involuntary);

3) slower population growth;

4) reduced labor force participation or hours worked.

article slow economic growth