More than six years after the Great Recession (December 2007-June 2009) ended, a variety of risks plague the global economy. In the advanced world, the U.S. and the UK are leading growth while the Eurozone and Japan struggle to achieve sustained expansion. More worryingly, emerging markets, which provided a backstop for global decline in the initial years of recovery following the recession, are now losing steam, led by a slowdown in China.
Against this backdrop, Dun & Bradstreet's U.S. Economics team has identified the following top headwinds to the U.S. economy:
- The Strength of the Greenback
- The Oil Price Slump
- Spillovers of the Chinese Slowdown
- Inadequate Policy Response
- Volatility Caused by Divergence