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Mcdonald's Economic Forces (2019) - Coggle Diagram
Mcdonald's Economic Forces (2019)
Economic Tendencies
Trade war with China
Recession is expected for 2020
Investment is slowing down
Economic Growth Rates (2019)
U.S. gross domestic product grew at a 2.3%
Coronavirus pandemic had not affected GR significantly
GDP grew less in 2019 than in 2018 (2.9%)
Interest Rates
Interest rates where cut 3 times
Interests cuts reversed all increases made in 2019
The cut was done to provide insurance against ongoing risks
Employment
71% of employees worked in the service industry
Millenials are the largest generation (35%) in US labour force.
Women earned 85 cents on the dollar compared to men
Teenagers are working less and older american less than past decades
U.S. economy added 2.1 million jobs in 2019
Unemployment rate ended at a historic low of 3.5%
Income
Business
Corporations made profits of $2.25 trillion USD
Consumer
Median household income was $68,703 in 2019
Family households increased 7.3% compared to 2018
median earnings of workers increased 1.4%
Poverty rate was 10.5%
Stock Market
Dow Jones Industrial Average was up 22%
S&P 500 delivered a gain of more than 28%
Gains were be attributed to a policy shift at the Federal Reserve