Saturday, March 28, 2015

USA: economic growth rising – The Strategic Mail

USA: economic growth up

Posted by Andrei Touabovitch in Economy March 28, 2015 1:37 / No Comments

According to the estimate released Friday by the Department American Commerce, the US economic growth continued to increase in the fourth quarter of 2014 but at a slower pace despite the dynamism noted in the consumption

2. 2% is the increase experienced by, annualized and seasonally adjusted data, gross domestic product (GDP) of the United States between October and December. This trend confirms a first estimate. However, analysts were expecting economic growth slightly higher, up 2.4%. Moreover, these data show the slight decline in the US economy after the leap recorded growth between July and September 2014, 5%

D According to experts, the slowdown in growth observed in the last quarter 2014 is due, firstly, to the trade deficit recorded by the United States and, in particular, to soaring imports of 10.1%. Note that these operations are cumbersome for GDP. In addition, the rapid decline in public spending (- 7.3%) and the significant slowdown in business investment also contributed to the slowdown, according to the supervisory department

Despite this, household consumption continued to fulfill its role as the engine of growth while taking advantage of the decline in energy prices, which increased the purchasing power. For information, consumer spending advanced 4.4% between October and November, which is their largest increase in nearly nine years. Thus, household consumption has signed its largest contribution to GDP from the first quarter of 2006, according to the ministry.

Tags: Household consumption, economic growth, trade deficit, the United States

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