Financial and Business News

US Economy is in the right way

The America's economy is often felt forecasts of their own defeat. So it became this way again. The official data published on 31 July, up that the U.S. economy grew by 1.9 percent annually weighted in the second quarter. This is worthy of respect and growth even in the best times achieved regardless of the obstacles created by seriously damaged banking system, the big spike in oil prices and the continued decrease in property. This makes it impressive. The revision of the previous quarters receive part of the brilliance in the news. Government statisticians calculated now that the economy got narrow in the last three months of last year: on an annual basis the change in GDP was revised from 0.6% to minus 0.2%. But growth has increased slightly to 0.9% in the first quarter, so at least this reading seems America has gone away from the recession - two consecutive quarters of negative growth.
One of the reasons for which the economy has gone well, is weaker dollar, which encourages exports and collapses exports. U.S. companies have continued to work through sales abroad, as consumer spending domestically seem slightly depressed. For the two years since the property sector serious disruption began, the decrease in housing construction takes about one percentage point of growth of GDP. This brake more or less is compensated by the growth of net trade. In the second quarter net excess of imports over exports contributed the most to the increase in GDP.

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posted by Zoritza Petrova @ 10:12 PM