Deleveraging the Economy.

The article reports on the issue of deleveraging, which is an impact of the economic crisis in the U.S. Deleveraging refers to the condition where governments, businesses and households reduce their spending brought by the decline in their income levels. The author explores the economic growth achieved by the country and its decline in the half of 2008 brought by the financial crisis. It was found that deleveraging resulted to various economic challenges, including slow growth of the economy, decline in spending and business losses.