US economy most likely grew more in spring than what was estimated

SHARE:

The problems faced by the Chinese stock market have led to the fall of markets at many places including the US. The past few weeks have been...

The problems faced by the Chinese stock market have led to the fall of markets at many places including the US. The past few weeks have been a disappointment for the investors. It is now believed that if the problems on Chinese financial markets deepen, and the authorities are unable to control the situation, a full-blown financial and economic crash could follow in China. Despite that fact, the US economy gained more momentum in the spring than what was previously estimated by the government. The question now remains that how much can the Chinese markets weaken the economy of US in the coming months. The commerce department will put forward its estimate of the economy’s growth, as measured by the gross domestic product, for the April-June quarter. A month ago the government had calculated that the economy grew by 2.3 per cent annual rate last quarter. That figure declined to a mere 0.6 per cent for the January-March quarter. The reasons behind this were a severe winter and other temporary factors.
US economy most likely grew more in spring than what was estimated

The economists surveyed by the data firm FactSet have predicted that the government will now estimate that the economy expanded at a stronger 3 per cent annual rate last quarter. About half of this increased growth will supposedly come from greater stockpiling of the supplies than the government had earlier estimated. One of the chief analysts at Moody’s Analytics, Mark Zandi, has predicted that after a quarter of working down unwanted inventories, the economy will accelerate to a 3.5 per cent annual rate in the October-December period. But this prediction is based on the expectation that the stock market’s slide will stabilize before it damages the consumer and business confidence. He said,” My forecast rests on the assumption that this is a garden variety market correction, with stock prices dropping by 10 per cent from their recent high. If we get a bigger decline of 20 per cent, then that will hurt consumption and housing, and we will not get the growth we are expecting.”

The US economy in the recent times has been in turmoil and many economists had though that signs of an improving US economy would lead to the Fed to begin raising its short-term rate, which is till now at a record low of near zero since 2008. If the present situation prevails, then the Feds are likely to increase this rate soon. 

COMMENTS

Name

Animal Apple Automotives Business Cancer CES Earth Economy Egypt Entertainment Environment ESPN Europe Finance Food Gaming Greece Health History IFA2015 India iOS Iran Market Mars Mice NASA National Nature NZ Obama Oil Pollution POTUS Research Science Smartphone Space Technology Temperature WhiteHouse World YouTube
false
ltr
item
Washington Account: US economy most likely grew more in spring than what was estimated
US economy most likely grew more in spring than what was estimated
http://4.bp.blogspot.com/-sVGeI7zJ13I/Vepum4aZsVI/AAAAAAAAADg/-zpAaRNyK0o/s640/us-economy.png
http://4.bp.blogspot.com/-sVGeI7zJ13I/Vepum4aZsVI/AAAAAAAAADg/-zpAaRNyK0o/s72-c/us-economy.png
Washington Account
http://www.washingtonaccount.com/2015/09/us-economy-most-likely-grew-more-in_4.html
http://www.washingtonaccount.com/
http://www.washingtonaccount.com/
http://www.washingtonaccount.com/2015/09/us-economy-most-likely-grew-more-in_4.html
true
9223304746932238000
UTF-8
Not found any articles VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES ARTICLES View All RECOMMENDED FOR YOU SECTION ARCHIVE SEARCH ALL ARTICLES Not found any news story match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy