Analyzing the Ways the Media Represent the American Economy Essay

Analyzing the Ways the Media Represent the American Economy - Essay Example This is even worsened by the declaration that "central bankers grappled with the growing uncertainty about which direction the economy is headed" (3). The second article expresses the gloomy projection of the International Monetary Fund when it cuts its forecast for economic growth in the United States this year to 2.2 percent (IMF Cuts 1). It can be recalled that during 2006, the nation's economy grew by 3.3 percent (3). The slowdown is attributed to the expected weak performance of the nation's housing market. It is projected that this deceleration will cause the United States to lag behind other economic giants including Britain, Canada, and Japan. This will be the first time that US will not lead the Group of Seven nations in terms of economic growth (6). Generally, the media portrays the American economy in a downslide. The nation's struggle in keeping its inflation stable and sustain economic growth appears to be in vain. It should be noted that the media uses a rather pessimistic tone in describing the US economy. Downbeat news article titles like "Greenspan: Recession 'possible' by end of year" and "The American Economy is Destroying Itself" loudly communicates the media's pessimism coupled with some sensationalism.