Could the United States experience another depression ?

Question Description

Could the United States experience another depression due to the overwhelming consumer debt of Americans? Explain.

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Final Answer

The economy of United States may have been considered primary worldwide to have fugitive the most recent depression, but economists are previously annoying to workout when the second one will knock and the reply is: most likely earlier than you believe.

  It has been predicted by economists’ overwhelming majority that the largest economy of world should have nominally an extra two years earlier than it runs into six months of depressing growth. Some forecasts of economists depicts that after 2015 the second depression date could start anytime among 2015 and 2018 ending.

  Above predictions are stood on the assumption that the United States handles to prevent the defaulting probability on its repayments of debt for the first time in its history -- the view of which appears closer everyday as the of government continue.

New York University

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