Tuesday, December 23, 2014

America runs, GDP at + 5%: Records from 2003 – Print

America runs, GDP at + 5%: Records from 2003 – Print

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The America runs, GDP at + 5%: record since 2003

Consumption and investment hi-tech push the recovery in the US. The toast Bags

23/12/2014

The US recovery gains momentum. GDP flies and salt in the third quarter by 5%, the best result for 11 years. Engine of growth confirmed that the Americans, with their consumption, give wings to a recovery in the course of five years, but so far characterized by a trend in fits and starts and limited increases. “The data show that Americans focus on investment and growth works. Other than austerity. This is why Europe needs to change, “says the president of the Council on twitter, Matteo Renzi immediately after the spread del’indice Use.

The bags toast, with Wall Street that gives the “first” of the Dow Jones at 18,000 points. Well even the European markets, with Milan that closes rising 1.46%. Cala the euro: the euro falls below $ 1.22, the lowest since 2012. The focus now is all on the Fed: the acceleration is likely to increase pressure on the central bank to a close sooner than expected. The attitude of the Fed cautious and patient in front of an economy that strengthens could in fact change, abandoning the tones from dove to the more hawkish. The ball is in the hands of Janet Yellen, who soon turn off his first candle at the helm of the Fed: a first year marked by continuity with his predecessor, Ben Bernanke, from which, however, may come off in the coming months impressing its brand on Fed.

The GDP for the third quarter was revised upwards beyond expectations: the economy grew by 5% compared to 3.9% previously expected. This is the fastest rate of growth since the third quarter of 2003, when GDP grew by 6.9%. The strong revision is linked to consumption, which rose by 3.2%. The US consumer confidence travels the highest level since 2007. A push also the decline in oil prices, reducing gasoline, leaves in the portfolios of Americans an average of $ 100 a month. But to pull are also companies that increase investments: those non-residential fixed rise of 4.8% compared to 1.1% previously forecast, while those in intellectual property products increased by 8.8%. Investment in new equipment rose by 11%.

According to analysts has created a vicious positive: “The creation of jobs continues. More people working means more income, and therefore more consumption and therefore more investment companies that take even longer, “says Mike Jakeman, an analyst at the Economist Intelligence Unit. Analysts predict a slowdown in growth in the fourth quarter, with the slowdown of the global economy. Just the slowdown of the world is one of the dangers that weighs on the US recovery. “2014 is the year of change,” says the White House commenting on the data on GDP. But it remains to be done and there are – highlights – challenges, including the labor market, which has not yet fully recovered and the world economy. “Growth is slowing in many of our trading partners, and this requires a renewed emphasis on global policies pro-growth.” “The euro area GDP – according to a document of the council of economic advisors in the White Hou se – is still 2% below the pre-crisis peak, including nearly 10% in Italy compared to the pre-crisis peak ».

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Reuters

 12/23/2014

 

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 22/12/2014

 

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 22/12/2014

 

Reuters

 22/12/2014

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