USA FASTER ECONOMIC REBOUND REMAINS CONTROVERSIAL SUBJECT IN THE WORLD'S FINANCIAL MARKETS.

USA FASTER ECONOMIC REBOUND REMAINS CONTROVERSIAL SUBJECT IN THE WORLD'S FINANCIAL MARKETS.

       USA faster economic rebound that has been rated two percent (2%) growth, inspite of the setback it encountered early in the year in financial crisis in the bank sector, mounting debt, ballooning budget deficit and economic downgrade has surprised many people as it remains controversial subject among financial and media experts in the World's financial markets, particularly when compared to other World's major economies and financial centers such as China, Germany in the European Union countries, Japan, Australia, Canada some Middle Eastern, Arab World and African countries that have significantly shrank in the economic growth and currency strength valuation. Germany suffered decline in economic growth rated at over one percent from last year's growth of about one point eight percent (1.8%), while China and Japan have shrank by over seven percent (7%), due to sharp decline in the high tecnology and industrial products production that accounts much for the Asian competitive economic growth at the global scale. However, the USA sudden economic growth have been attributed to the USA expanding retail sector in major and small businesses creation that have remained the first in the World in retail sales that have created jobs within the shortest time period and reduced the increasing unemployment rate in the USA markets.

                                                           Written by Professor Godfrey Ohia.