economic growth
Milan , December 23, 2014 – 14:52
The United States emerged from the crisis and are now ready to play the role locomotive world. The US economy in the third quarter is in fact grew by 5%. This was stated by the Commerce Department, revising upwards the previous estimate of 3.9%. The figure is higher than analysts’ expectations. The + 5% of US GDP in the third quarter was the biggest increase since the third quarter of 2003. “The revision” of the GDP in the third quarter “indicates that the economy grew at the fastest rate in over a decade,” says the House White, 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.”
Estimate
Although the pace of growth is expected to decline in the fourth quarter, a rapid strengthening of the labor market and a decline in fuel prices should give enough impetus to the economy in 2015 to leave unchanged orientation of the Federal Reserve to start raising interest rates by the middle of next year. To underline the robustness of the economic fundamentals, the growth of domestic demand was revised upwards to 4.1% in the third quarter, compared to the previous 3.2%. It’s faster pace since the second quarter of 2010. Consumer spending, which accounts for over two-thirds of US economic, has expanded at a rate of 3.2%, the fastest since the fourth quarter of 2013, compared to the previous 2.2%. The growth in investment by companies has increased at a rate of 8.9%, from 7.1% the previous quarter. Revised upward even stocks and spending on residential construction. Cut instead export growth at the rate of 4.5%, compared to the previous reading of 4.9%, and imports.
Euro
Immediate effects of the jump of US GDP on the currency front, with the euro drops below $ 1.22 (per share 1.2188).
The impact on the stock market
The growth of US GDP has inflamed Wall Street. With the Dow Jones that touches and exceeds for the first time share 18,000 points. From the lows of March 2009, the Dow Jones was up 178%. The EU lists have closed in positive day. A push purchases was the upward revision of US GDP, which benefited everyone, although to varying degrees. If London and Frankfurt have contained progress to below half a percentage point, to Paris and Milan, the increases were greater than one percent. In Italy, the Milan Stock Exchange closed higher, with the FTSE at 19352.13 points, to +1.46. The Athens Stock Exchange closed instead falling, recording a 1.69 less.
Renzi
Many comments in the international arena with the figure of the US GDP. Among them is the premier Matteo Renzi who wrote in a tweet: “The data show that Americans focus on investment and growth works. Other than austerity! That is why Europe must change # 2015. ”
December 23, 2014 | 14:52
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