Yellen: Developments Abroad Constrained U.S. Growth

The video discusses the economic conditions over the past year, highlighting cautious optimism about fading headwinds. It addresses concerns about China's slowing growth and falling commodity prices affecting global markets. Despite moderate growth in foreign economies and market stabilization, net exports have negatively impacted US GDP. The significant increase in the dollar's value since 2014 has posed challenges for US manufacturers competing globally.

What are the main concerns affecting global financial markets as mentioned in the first section?

• Rising inflation rates

• Slowing growth in China and falling commodity prices

• Increasing interest rates

• Political instability in Europe

According to the second section, how have foreign financial markets changed recently?

• They have collapsed

• They have stabilized and recovered

• They have become more volatile

• They have shown no significant change

What has been a significant drag on US GDP growth over the past year?

• Net exports

• Increased domestic consumption

• Rising unemployment

• Decreasing government spending

What development since 2014 has been challenging for US manufacturers?

• Reduction in trade tariffs

• Rise in global competition

• Decrease in oil prices

• Increase in the foreign exchange value of the dollar

How has the increase in the dollar's value affected US firms?

• It has led to increased foreign investment

• It has posed challenges for firms competing with foreign producers

• It has reduced the cost of imports

• It has made exports cheaper