America’s economy as much as 11 years is not growing – FAZ – Frankfurter Allgemeine Zeitung

America's economy as much as 11 years is not growing – FAZ – Frankfurter Allgemeine Zeitung

      

 
 
 
 
 
     
 
 
 
 
 
 
 
 
         

 
 
 
 
 
          America shines: the Manhattan skyline
     

 
                                           
 
 
     
     
     
         
         
                                                             

The American economy is surpr isingly strong gained momentum in the third quarter and has the strongest growth achieved in eleven years. In the months of July to September, the gross domestic product (GDP) has grown by 5.0 percent, the government said on Tuesday after a third estimate. So strong American economy grew last in the third quarter of 2003.

                         
         
         
                                                             
                                 

The growth data from the United States can not be compared with the German data on the development of the gross domestic product. In the United States, the quarterly figures are extrapolated to the year. You specify how much the economy would grow if the pace would continue unchanged for a year.

                          
         
         
                                                             

Economists pleasantly surprised

In the third estimate of the government, among others, a significant improvement in private consumption showed the Americans. Here there was a third-quarter growth of 3.2 percent, after an increase of only 2.2 percent had been determined in the second estimate.

                         
         
         
                                                                                                                                                                                                  

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Economists were surprised by the development. They had expected an upward revision of the GDP data after a second estimate hatte.Die reported growth of only 3.9 percent, but the expectation of experts was limited to 4.3 per cent.

                         
         
         
                                                             

“growth engine of the world economy”

Experts NordLB described the United States in the light of the data as “growth engine of the world economy.” However, they assume that the pace of economic growth is expected to decelerate somewhat by year end.

                         
         
         
                                                             

Then also indicate current data on new orders, which were published simultaneously with the growth data. In November durable goods orders were surprisingly by 0.7 percent. Economists had expected the other hand, a strong increase of 3.0 percent.

                         
         
         
                                                             

In the foreign exchange marke t, the greenback after publication of the data. The Euro slipped in exchange under $ 1.22 and reached $ 1.2180, its lowest level since July 2012. ‘/ Eurus.fx1>

                                                                             
 
  

 
 
 
                       

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5.0 percent growth

America’s economy points to surprisingly strong

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It took a long time to the economy of the United States gained momentum again – now she growls like since not for 11 years more. Europeans can only turn green with envy – and the Fed will soon resort to the interest rate screw.

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