The US GDP surprises the world: + 5%, the crisis is over – TGCOM

The US GDP surprises the world: + 5%, the crisis is over – TGCOM

06:59 – The US recovery gains momentum and rising GDP in the third quarter by 5%: it is the best result for 11 years. A drag the economy were the consumption of Americans. The bags are celebrating with the Dow Jones that exceeds 18,000 points. “The 2014 was the year of change,” said the White House. Matteo Renzi writes on Twitter: “The data show that Americans focus on investment and growth work.”

Wall Street record – The Dow Jones closed for the first time above share 18,000 points, in a positive day for Wall Street, with the S & amp; P 500 records. The Dow Jones rises 0.38% to 18026.48 points, the Nasdaq lost 0.33% to 4765.43 points while the S & amp; P 500 advancing 0.2% to 2082.2 points.

Petrol cheaper, more money in your wallet – 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.

All eyes on the Fed – 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 cautious attitude and “patient” Fed facing an economy that strengthens could in fact change, abandoning the tones from “dove” for those more “hawk”. 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.

In 2014 the turning point – “The 2014 ‘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 House – is still 2% below the pre-crisis peak, including nearly 10% in Italy compared to the pre-crisis peak “.