Business English Reading Comprehension: U.S. Economy on the Upswing

📚 Key vocabulary for this topic
economic recovery — a period of increasing economic activity following a recession or downturn
GDP growth — the rate at which a country's total economic output increases over a period
job creation — the addition of new employment opportunities to an economy
consumer confidence index — a measure of how optimistic people feel about the economy and their financial situation
Federal Reserve — the central banking system of the United States, responsible for monetary policy
interest rate cut — a reduction in the base lending rate by a central bank to stimulate economic activity
manufacturing output — the total quantity of goods produced by a country's manufacturing sector
trade balance — the difference between a country's exports and imports
fiscal stimulus — government spending or tax cuts designed to boost economic activity
inflation — the rate at which the general level of prices for goods and services rises over time