Sunday, January 30, 2011

Recovery: the U.S. economy erases losses

Driven by rising consumption, growth has strengthened the United States in 2010, allowing the gross domestic product (GDP) to return to its pre-crisis, according to official figures released Friday by the growth Washington. Over the whole year, GDP in the world's largest economy grew 2.9% over 2009, reaching 14 660 200 000 000 dollars.

The gross domestic product has met its losses of the recession in December 2007-June 2009 because he had stagnated in 2008 before declining by 2.6% in 2009. Economic growth accelerated sharply in the fourth quarter due to household consumption and exports, primarily, but also business investment.

It increased 4.4%, driven by spending on equipment and software, which fell for the seventh consecutive quarter of growth. In real terms, ie adjusted for inflation, U.S. GDP has established a new record in the fourth quarter, erasing the one that occurred during autumn 2007, before the collapse of the economy.

These figures emerge, however, below expectations. Analysts and economists surveyed by projected a gross domestic product up 3.5%. Despite these results correct, the U.S. government remains concerned about the extent of unemployment. President Barack Obama has chosen to focus his annual State of the Union on the economy, calling for a partial freeze on government spending and calling on businesses to invest and innovate to start hiring and strengthening competitiveness the U.S.

economy. Yesterday, the Commission of Inquiry on the financial crisis has also made long-awaited report on the causes of the crisis and the conclusions to be drawn to avoid a repetition of the same scenario. The mismanagement of the banking sector and lax regulatory bodies and the Federal Reserve are designated as primarily responsible for the financial meltdown in fall 2008.

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