See the details Article Example | Topics and Well Written Essays - 500 words

See the details - Article ExampleFactors that contributed to base economic harvesting include slow inventory gains and abnormally cold weather experienced in the second half of the previous year. The pace of growth in domestic demand was found to be 1.5 percent in the first imbibe which was slightly below what it was in the forth shadower of 2013 delinquent to volatile factors such as trade and inventory swings. However, it is evident that fluctuations witnessed in the current times do not portray a different trend from what had been seen in the recovery process since the Great Recession. The average quarterly economic growth rate has stood at 2.2% since the year 2009.The bleak future of economic growth is likely to impact negatively on the democrats in the forth-coming congressional elections. The prospects of the Democrats is closely tied to the voter attitudes toward the re-election iron of President Obama in which economic factors played a major role in determining the outc ome. other factor in the economic condition is on wage growth as a run of huge slack in the labor food market. A report from the Bureau of Labor Statistics that was released previously on employment index indicated that the private sector wages as well as salaries during the first quarter had increased at a lower rate since 1980. The article further concurs that the recovery of the housing market were on a declining trend. This was evident on the second quarter of the 2013 in which private residential truly estate investment had fallen by 0.2% of the total economic growth. Weather was found to be the chief(prenominal) cause of decline in the recovery in the housing market.Corporate investment in equipment witnessed a sharp reverse growth in the first quarter of 2014 compared to the growth in the fourth quarter of 2013 leading to the slackening of the overall business investment translating into 0.4 % decline in the overall economic growth. separate factors resulting in deterio ration of business