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Economic Update: Challenges and Trends in the U.S. Economy (February 2012)

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The U.S. economy faces significant challenges as outlined in this February 2012 update by Ryan Wang, U.S. Economist at HSBC Securities. Key insights reveal that over 50% of U.S. exports are experiencing stagnation, while the housing market remains highly imbalanced with slower sales than a decade ago. Additionally, fiscal austerity is hindering economic growth, impacting job seekers who continue to face difficulties in the labor market. This report provides a thorough analysis of various aspects of the economy using data from reliable sources like the U.S. Census Bureau and Federal Reserve.

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Economic Update: Challenges and Trends in the U.S. Economy (February 2012)

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  1. Economic Update Ryan Wang, US Economist HSBC Securities (USA) Inc. ryan.wang@us.hsbc.com +1 212 525 3181 February 2012

  2. Advanced economics: Just over 50% of US exports Source: Netherlands Bureau for Economic Policy Analysis

  3. Eurozone import volumes have stalled Source: Netherlands Bureau for Economic Policy Analysis

  4. Emerging Asia Source: Netherlands Bureau for Economic Policy Analysis

  5. Latin America Source: Netherlands Bureau for Economic Policy Analysis

  6. A more challenging external environment for the US Source: US Census Bureau, 2012 growth = HSBC forecast

  7. US: Home sales are slower today than 10 years ago Source: Census Bureau, National Association of Realtors

  8. US: This means the housing market is highly imbalanced Source: National Association of Realtors

  9. US: The loss of housing wealth Source: Federal Reserve

  10. US: Job seekers still in a difficult position Source: Bureau of Labor Statistics

  11. US: An uphill struggle for the labor market Source: Bureau of Labor Statistics

  12. US debt outlook changed dramatically in 2008 Source: Congressional Budget Office, HSBC calculations

  13. Fiscal austerity is subtracting from US economic growth Source: Bureau of Economic Analysis

  14. 2012: Year 4 of US government layoffs Source: Bureau of Labor Statistics

  15. Fed anticipates “exceptionally low” rates through 2014 Source: Federal Reserve

  16. US: Delinquency rates: On the right track? Source: Federal Reserve Bank of New York Consumer Credit Panel

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