22 Mon.
The US Economy's Lead over Europe: Factors Driving the Disparity
유럽을 앞서는 미국 경제, 격차를 일으키는 요인
While global economies grapple with pandemic-induced setbacks, the US stands out with robust economic growth, a thriving job market, and declining inflation. Posting a 3.3% GDP gain in Q4 2023, exceeding expectations, the US has outpaced other advanced economies. Expectations to maintain this led in 2024 are rife due to a number of reasons.
The US poured trillions into its economy through multiple stimulus packages, bolstering consumer spending and sustaining businesses. This historic influx of federal funds, primarily directed towards individuals and small business, underpinned consumer spending. A flexible job market and productivity surge have also propelled the US forward.
Energy self-sufficiency shielded the US from the energy price shock caused by geopolitical tensions. Unlike Europe, heavily reliant on Russian energy imports, the US experienced a milder inflationary impact. Lower energy price hikes contributed to a more moderate inflation rate compared to Europe, positioning it as global economic frontrunner.
grapple with pandemic-induced setbacks 팬데믹으로 인한 어려움과 씨름한다
robust economic growth 탄탄한 경제 성장
thriving job market 번창하는 취업시장
has outpaced other advanced economies 타 선진국들을 앞섰다
multiple stimulus packages 여러차례의 경기부양 패키지
bolstering consumer spending 소비자 지출을 북돋는
historic influx of federal funds 역사적인 수준의 연방 자금 유입
underpinned consumer spending 소비자 지출을 뒷받침했다
have propelled the US forward 미국 전진하도록 촉진했다
Energy self-sufficiency 에너지 자급률
experienced a milder inflationary impact 인플레이션 영향이 덜했다
a more moderate inflation rate 더 완만한 물가 상승률
