Bottom Line:
- The United States’ economy (measured by GDP) — possibly one of the most resilient and dynamic in the world — has grown over 28% since the Great Recession. 1, 2
- Entrepreneurial drive, innovation and technological advances have kept us on the cutting edge of change and created new businesses that only a few would have imagined only a few years prior.
- Businesses that are positioned to take advantage of these changes have the potential to realize new profits while providing shareholders new opportunities.
Oh, the U.S. of A. Our economy is on the journey of a fascinating transformation which has the power to redefine our future. As a Nation, we stand resilient among a tide of obstacles. Our entrepreneurial spirit continues to provide exciting opportunities for individuals, businesses and investors.
Yes, we could do better. The current recovery since the financial crisis of 2008 has been sluggish. Our aging infrastructure demands attention, slowing wage growth, and our political landscape continues to be divided.
We still have one of the most diverse and resilient economies by many historical measures. Since the financial crisis, our economy has steadily expanded and the we now have a gross domestic product of over $18 trillion, representing growth of over 28% more than in the 2009. 1, 2
Take a moment to look around, and you’ll notice that the variety of ways people make a living is fascinating. Our economy is diverse and the layers of complexity and specialization make us, the United States, an envy of the world.
Businesses, individuals and institutions across the country are coming up with new ideas that are changing the way we live and delivering new products that are improving profitability.
I believe the technologies and the industries of the future are more likely to come out of the United States than anywhere else in the world.
Generations of entrepreneurs who have been willing to evaluate and take calculated risks provide the foundation for our technological and industrial leadership. These traits have made the United States the most innovative economy in the world. It’s a “yes we can” attitude matched with . Our reputation as the land of opportunity continues to attract the best and brightest from around the world, regardless of the adversity we may face today.
Our education system proves to be one of the strongest building blocks of our economy. According to the Times Higher Education World University Rankings, 6 out of the top 10 universities in the world are here in the U.S. Take a broader look and 63 of our schools are in the top 200!
Many of these universities are part of a collaborative system, working closely with businesses and public agencies to focus on research and development.
According to the December 2016 issue of Research & Development article, we continue to lead the world, with investment in research and development expected to reach $527 billion in 2017.
The pool of money, and the brilliant minds to invest in the future are met with our historically strong entrepreneurial skill set to lead us into a future that makes us unique compared to the rest of the world.
Sources:
1 Bureau of economic analysis 2017 – https://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm
2 BEA 2009 Data – https://bea.gov/newsreleases/national/gdp/2009/gdp408a.htm
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
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