| U.S. Economic data
Amid the doom and gloom, the U.S. is still the place most investors and businesses around the world turn to for opportunity even though Brazil, Russia and other emerging economies are increasingly catching up.
Emerging economies are catching up rapidly. China, the world's second-largest economy next to the U.S., expects an average of 9% growth a year for the next decade.
The U.S., whose economy barely grew during the first half of this year, will be lucky to see much more than 2% growth this year.
World Bank said on feb, 2012 in a report that forecast the China would become the world's largest economy before 2030.
However gloomy the U.S. economy might look, the nation still leads the world in many ways. For now, considering the following facts:
1. The Biggest and Most Productive Economy
The U.S. is still the world's biggest and most productive economy in the world and that is the main reason to use U.S. data in our Economic Reports. The U.S. is the world's leading country in absolute volumes of imports and exports and, therefore, still the world's leading economic power.
2. Tops in Foreign Investment
Although, the United States is the world’s leading debtor nation, the U.S. remains the world's hot spot for foreigners investors.
3. World's Top Global Brands
The U.S. may not manufacture most of the world's automobiles or computers, but it's known for many top brands that do so.
4. World's Best Universities
U.S. public schools may be flagging, but the nation is still home to many of the world's top universities. And foreign students in the U.S. make up an important piece of its economy.
5. World's Top Reserve Currency
The value of the U.S. dollar may be declining, but it remains the currency of choice for many nations. The greenback accounted for roughly 61% of global central bank reserves during the first three months of 2011, according to the International Monetary Fund.
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