The worst is never certain. In a context of anxiety market turmoil and slowing global growth, the stroke of brake registered by the US economy in the fourth quarter is ultimately less brutal than anticipated by economists. The gross domestic product (GDP) of the world power increased 1% annualized rate from October to December 2015, according to a second estimate published Friday, February 26, by the Department of Commerce
Main reason:. The consumption, which accounts for 70% of activity in the US, was less dynamic
this is a surprise to the extent it is 0.3 point better than the first estimate of 29 January and especially the figure is higher than the consensus of analysts, who had forecast a rise of 0.4%. For all of 2015, US growth thus shows an increase of 2.4%, that is to say the same pace in 2014.
The fourth quarter 2015 mark however, a frank deceleration of the US economy, which had gained 3.9% in the second quarter and 2% in the third. Main reason: consumption, which accounts for 70% of activity in the US, was less dynamic. Household spending rose only 2%, 0.2 points lower than indicated in the first estimate and 1 point lower than the increase recorded in the third quarter.
The figure is all the more disappointing that the low unemployment rate, now fell to 4.9% of the workforce, and the sharp fall …