This paper analyzes the current economic conditions in the United States and makes speculations on the future. It claims
that the bursting of the technology bubble, the terrorist attacks of September 11th and the ensuing war in Afghanistan have impacted negatively on both individuals and the stock markets. The paper explains our current phase for the
business cycle,
economists' predictions and the latest Gross domestic product (GDP). Table of Contents Introduction What Phase of The Business Cycle are we in? What Is The Latest GDP (Real And Nominal)? How has this Changed Since 1999? What are Economists Predicting for the Current Year? What Three Events Have Occurred or will Soon be Resolved that Likely will Affect the Economy In 2003? Conclusion Bibliography