the US economy grew at an annual rate of 1.1% in the first quarter of 2016, double the estimate in the beginning, thanks to a lower brake trade although the consumer spending appears to have slowed down.
According to the third and final data of the gross domestic product (GDP) reported by the Department of Commerce U.S., this annualized rate of 1.1 per cent is double the targeted 0.5% calculation first announced last April.
In its second calculation, the review had located it in 0.8%. Despite the best behavior of them exports, that grew a 0.3% facing the fall of the 2% estimated previously, the consumption, that in USA is almost two thirds of the
economy, appears to have been slowed down.
In the first quarter of the year the consumer spending grew at an annual rate of 1.5%, below the 1.8% calculated above, and assumed the child registered in the past two years.
"The strong growth in it investment residential prompted the stands of the GDP, but it weakness in the investment business-exacerbated by the low demand foreign and them prices of the oil-weighed on the growth", stressed Jason Furman, director of the Council of advisors economic of the House white, after know is the dato.
The trend in the U.S. economy started the year with weaker growth, to be gaining traction over the months has consolidated in recent years.
The forecasts on the growth in the second quarter of 2016, whose first calculation is know to end of July, are running to an expansion annualized from the 2.5% and the 3%. In this sense is expressed it last week before the Congress the President of it book Federal (Fed), Janet Yellen, to the point that "them indicators advanced show a notable boosts in the growth of the GDP in the second quarter".
"In particular, the expenditure of them consumers has repuntado recently, supported by a solid boost of them income real available (...)" "and the housing has continued recovering is gradually, helped by the gains in them income and them very low levels of the rates mortgage".
Despite his upbeat tone, the US central bank downgraded this month its forecasts of annual growth, which left by 2% this year, compared with 2.2% expected three months ago.
And, due to the growing uncertainty global, the Fed has postponed in several occasions the early rise of them types of interest of reference in USA, currently between the 0.25% and the 0.50%.
To this gloomy panorama external, is has added the recent decision of them British of support the output of the United Kingdom of the Union European (EU), something that has powered even more it volatility financial international and fired the appreciation of the dollar. Furman said that in the immediate future "greater uncertainty, including that concerning the consequences of the departure of the British from the EU, stressed the importance of proactive policy measures to strengthen the US economy".
The markets have already ruled out a rise in rates by the Fed until at least the end of the year. For its part, the International Monetary Fund (IMF) acknowledged that the
economy U.S. is will see affected somehow by the so-called "brexit", although ruled out that could cause a recession.
The principal fear is that the appreciation of the dollar observed from Friday will contribute in a context of global weakness to further discourage the purchase of us overseas products by making them more expensive, which is an important weight to U.S. companies.

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