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Essay / Comerica Bank Economic Projections - 665
Dye depicts a graph showing the federal government's fiscal imbalance shown below in this presentation (Dye, 2014). In 2010, the percentage of GDP coming from federal revenue was about 15%. This percentage has increased dramatically to 17% over the past three years. The chart shared by Dye shows that this level will start to stabilize and slowly increase to 19% by 2035. This is something positive because it shows that the government is not planning to spend more than in the past too quickly as possible. history has shown it. This reflects a more balanced use of government spending as a percentage of GDP (Dye, 2014). The government could purchase a variety of things at the local, state, or federal level. Procurement includes the compensation of government employees and the purchase of goods for public works (Mankiw, 2012). In terms of the entire presentation made by Dye, this number shows good predictions as it shows spending growth at a respectable level. This shows that the government may not have to borrow as much money because it is not planning to spend as dramatically and quickly as has been observed before. Maintaining public borrowing while continuing to make public purchases is healthy for the economy. SUMMARY OF JOHNSON'S PRESENTATIONJohnson presented the quarterly investment commentary for Comerica. The first section of this presentation covered the global economic outlook. Johnson shows the global economy has good forecasts for 2014 and 2015, showing economic growth for many powers in the global economy using real GDP calculations with the table below used in Johnson's presentation. The United States experienced real GDP growth of 1.9% for the year 2013. Real GDP is increasing... middle of paper ...... products are decreasing and inflation rates are increasing, the effects on society are somewhat offset. References Dye, R. (2014). The end of economic history (as we know it). The Comerica Economic Outlook. Retrieved from: http://www.mkintel.org/wp-content/uploads/2012/02/Dr-Robert-Dye-Senior-Vice-President-and-Chief-Economist-Comerica-Bank- State of the Economy America and Perspectives 2014.pdfJohnson, D. (2014). Quarterly investment commentary. Comerica The road ahead. Retrieved from: http://www.comerica.com/wealth-management/Documents/Wealth%20Weekly%20Updates/2014/The_Road_Ahead.pdfMankiw, G. (2012) Principles of Macroeconomics. Mason, OH: CengageLearning of the Southwest. ISBN-13: 9780538453066 Sanabria, D. (2014). Consumer prices in March, retail sales. Comerica economic weekly. Retrieved from: http://blog.comerica.com/2014/04/15/march-consumer-prices-retail-sales/