The U.S. Economy Needs China. And Japan. And Nigeria. And El Salvador
Coy, Peter [2014], “The U.S. Economy Needs China. And Japan. And Nigeria. And El Salvador”, Business Week, New York, 10 de noviembre, http://www.bloomberg.com/bw/articles/2014-11-10/the-u-dot-s-dot-economy-...
If other countries can't afford to buy US exports, then jobs in export-oriented businesses are at risk. Exports' share of the economy has been rising. It has reached a new high since the 2008-2009 financial crisis and has been bobbling around 13.5% for the past three years. Forecaster David Levy of the Jerome Levy Forecasting Center cites America's rising export dependence in saying that there's a 65% chance of a worldwide recession forcing a contraction in the US by the end of 2015.