The United States, which led worldwide markets into a downward spiral during the 2008 crisis, is now fronting the recovery. Yet while positives such as an improved housing market, increased savings and expanded credit availability are encouraging, US banks and other financial services firms face challenges from slow wage growth, increased regulation and the possibility of rising interest rates. This review from the Economist Intelligence Unit reports on major trends since 2008 and on today’s standings, though it covers little – if any – new ground. getAbstract recommends it for its broad-brush overview of American financial markets and economic trends.
In this summary, you will learn
- How banking, insurance and other sectors of the US financial services industry have fared following the recession and
- How economic conditions and regulatory reform could affect US financial services companies.
About the Author
The Economist Intelligence Unit is an independent research and analysis organization.