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The US economy experienced a recession from 2007-2009 but has since recovered, with real GDP growth averaging 1.7% from 2000-2014. The largest industries contributing to GDP are real estate, renting and leasing at 13% of GDP, state and local government at 9%, and finance and insurance each at 8%. While the US has a mixed economy, it maintains relatively stable overall GDP growth and moderate unemployment.

Author

Shofiul Hasan

Language

EN