US, the economy flies, GDP rises by 5% – The Messenger

US, the economy flies, GDP rises by 5% – The Messenger

It grows more than expected the US economy: the US GDP in the third quarter of 2014 recorded a + 5%, the largest increase since the third quarter of 2003. The estimate was released by the Bureau of Economic Analysys, while the US Department of Commerce has revised the previous estimate of 3.9%. The figure is higher than analysts’ expectations.

“The revision” of the GDP in the third quarter “indicates that the economy grew at the fastest rate for over a
 decade, “says the White House, noting that 2014 was the year of the ‘turning point’ for the United States but” there is still much to do to make sure that all Americans can share in the recovery. “

“With real wages growing for two years and consumer confidence at the highest since 2007, the growth of
 consumption continues. But challenges remain for consumers and we still have the work to do to raise the wages of the middle class, “says the chairman of the White House economic advisor, Jason Fruman, stressing that the trend of GDP
 in the last two quarters shows the recovery from the sharp decline in growth in the first quarter.

A push US growth are consumption, which rose by 3.2% compared to the previous estimate of 2.2%. Household spending on services increased by 2.5%. Also revised upwards the costs of the companies. The nonresidential fixed investment increased by 4.8% compared to 1.1% previously forecast, while those in intellectual property products grew by 8.8%. Investment in new equipment rose by 11%.

In the second quarter, GDP had risen by 4.6%.
 The estimate of GDP released today is based on the most complete set of data than those available for the second estimate, released last month.

 December 23, 2014 15:45 – Last Updated: 18:20

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