Friday, February 27, 2015

Under the first forecast: US economy will grow more slowly – NEWS

Under the first forecast: US economy will grow more slowly – NEWS


 Friday, February 27, 2015


 Only 2.2 percent of the gross domestic product at places compared to last year’s fourth quarter. Washington corrected so that initial estimates of 2.6 percent. A stable economic situation allows experts expect more optimistic figures in 2015.



The US economy is at the end of 2014 have grown more slowly than expected. In the fourth quarter gross domestic product (GDP) grew at an annual rate by only 2.2 percent, as the Department of Commerce in Washington, said in a second estimate. In the first forecast it was assumed 2.6 percent. In the third quarter of 2014, the economy had grown by projected 5 percent and 4.6 in the second quarter.

Overall, the economy grew as previously estimated 2.4 percent last year. So it was only slightly higher than from 2010 to 2013, when it was 2.2 percent on average. However, the value remains behind the boom years in the 90s, back when the average was 3.4 percent.

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The report was the Ministry but suggest a fairly stable economic situation. Consumer spending rose accordingly from October to December by 4.2 percent. You make in the US about 70 percent of GDP. The bearing assembly by enterprises were lower than expected, exports increased somewhat faster and companies invested more.

Experts therefore still expect that growth could rise this year to around 3 percent. The published monthly US growth data are extrapolated unlike in Europe over the year. Therefore, the values ​​are not directly comparable.



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