US Revises Growth to 2% in First Quarter

Uncategorized



[ad_1]

The Commerce Department has revised down economic growth, but for the second quarter, economists project a jump through tax cuts

By

US President Donald Trump is photographed at a meeting in Istana, Singapore on June 11, 2018

January to March

AFP </span> </p> <p> <i clbad= access_time

June 28, 2018, 2:39 pm

, consumption rose slightly by 0.9%, the most moderate since mid-2013 (Jonathan Ernst / Reuters) </p> </p></div> <p> The economic growth of <strong> United States </strong> in the first quarter was reviewed down, a final estimate from the Commerce Department. </p> <p> US Gross Domestic Product (GDP) grew at an annual rate of only 2% from January to March 2018, slightly below the 2.2% calculated in the latest estimate at the end </p> <p> The first calculation will be July 27th. </p> <p> From January to February, the first calculations will be made on July 27th. </p> <p> For the second quarter, economists predict that there will be a jump thanks to the Donald Trump administration 's tax cuts. March, consumption, traditional locomotive The most moderate growth since mid-2013 was the most moderate of the global economy (0.9%) </p> <p> Americans spent less than expected for services, especially in financial services and insurance. (+ 3.4% instead of 5.4%), which is the largest in the world. </p> <p> Imports were revised upward to 3.2% from 2.8% </p> <p> Inventory rebuilding was less robust than calculated </p> <p> Among the good news, investment by non-residential firms increased more than expected to 10.4%, with an increase in intellectual property revenues (+ 13.2%). </p> <p> positive contribution, up 1.3%. </p> <p> As a symptom of an increase The core of inflation excluding energy and food, as measured by the PCE index, reached 2.3% per capita. year in the first quarter. This is its highest level in seven years and exceeds the 2% target of the Fed </p> <p> More than the data of the first quarter, already old, economists follow the results of the second quarter this week "[19659021] "We expect very good data," said Treasury Secretary Steven Mnuchin, one of the architects of tax reform developed to boost growth. </p> <p> One of the data that feeds optimism is that the Atlanta Fed expects annualized growth of 4.2% for the second quarter </p> <p> For Barclays Research badysts, "this period of indifference in the first quarter is transitional and signs of resumption of growth in the second quarter are already noticeable. "</p> <p> Barclays Research predicts a 3.5% growth between April and June, but these economists think this rate could be higher." </p> <p> "We expect the effects of the fiscal stimulus to support (GDP) by the end of the year," they said. </p> </p></div> <p><script type= (function (d) {var id = "facebook-jssdk"; if (! D.getElementById (id)) {var js = d.createElement ("script"), ref = d.getElementsByTagName ("script" ) [0]; js.id = id, js.async = true, js.src = "https: / / connect.facebook.net en_US /all.js", ref.parentNode.insertBefore (js, ref)}}) (document) [ad_2]
Source link

Powered by https://naaju.com/brazil | Designed by Naaju
© Copyright 2024, All Rights Reserved