The United States economy sees a potentially brighter future with stronger dollar growth amidst a weakening European and Asian market forecast.  Based on Standard & Poor Indices for 2013, U.S. foreign sales recorded 46.3 percent of revenue after a decline that can also be attributed to instability of major economies.

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Jan Hatzius, chief economist at Goldman Sachs Group, said that the U.S. is less prone to get affected by the slowdown and is expected to grow by 3.2 percent next year as compared to the 2.2 percent recovery rate in the June 2009 recession.

The economy is "shifted to a higher gear," according to U.S. Department of Treasury secretary Karen Dynan now that China is facing market restructuring and Japan is now on a tax hike.

In contrast, Joachim Fels from Morgan Stanley said that statements from the U.S. Department of Treasury and actual data from financial markets are direct opposite.  If foreign investments grow weaker, the U.S. economy is anticipated to respond rather slowly, said Federal Reserve Vice Chairman Stanley Fischer during the IMF conference.

If the federal government will be able to implement cheaper energy price, rising dollar rate, and improved consumer spending, national wage is expected to recover by 4.1 percent despite inflation, Mark Zandi, chief economist at Moody's Analytics further.

The Labor Department reported a decrease in the number of Americans filing for unemployment benefits, which is the lowest in past eight years.  Job opportunities also increased to a 13-year high last August, indicative of the economy's gradual recovery.

But despite the country's potential to safeguard its interest against international risks, HSCBC chief economist Stephen King said that the U.S. is not anymore a "source of stability" after the 2007 financial crisis.

Tagsthe United States economy, economy of U.S., U.S. economy news