The U.S. Economy Recovery Trend after Financial Crisis

In order to study the U.S. economy development and recovery trend after the financial crisis, we first start from the reasons of financial crisis and then make a qualitative analysis of its impact. Then we use the Institute of Supply Management Manufacturing Index (ISM manufacturing & services index) as a representative of the economy, to have a qualitative analysis of the recovery trend of the U.S. economy after the crisis. ARIMA model is used to predict the trend of ISM manufacturing & services index. Finally, we conclude that the forecast is consistent with the previous observations and the U.S. economy is gradually strengthened.