DESPITE EUROPEAN UNION OPTIMISM FOR IMPROVED FINANCIAL AND ECONOMIC PERFORMANCE FOR THE YEAR 2013, THE USA EXPRESSED PESSIMISM ABOUT ITS RECENT SUSTAINED FINANCIAL AND ECONOMIC GROWTH.

DESPITE EUROPEAN UNION OPTIMISM FOR IMPROVED FINANCIAL AND ECONOMIC PERFORMANCE FOR THE YEAR 2013, THE USA EXPRESSED PESSIMISM ABOUT ITS RECENT SUSTAINED FINANCIAL AND ECONOMIC GROWTH.

     Despite European Union optimism for improved financial and economic performance for the year 2013 with growth expectation in about thirty six percent of the currently rated efficient operating businesses across the European Continent, the USA government expressed pessimism about its recent sustained financial and economic growth, due to various issues that entailed political dispute on financial and economic issues that requires faster compromise between the country's two major political parties, the Republican Party and the Democratic Political Party on the fiscal responsibility, particularly on the spending policy, the taxation policy with oversight additional financial and economic policies on the mounting debt and increasing budget deficit. However, some business and financial sectors have remained vibrant generators of the USA economy that have not been affected by the current recession in other sectors. These sectors entailed the retail sector, the energy sector and the internet bubble businesses that have constantly generated much money and produced younger multi-billionaires and multi-millionaires, inspite of the World's general shrinking economic performance rated at the range between five to seven percent (5%-7%), due to recession.

                                                           Written by Professor Godfrey Ohia.