Friday, April 10, 2009

American economists believed in the imminent completion of a recession.

A recession in the U.S. economy will be completed in the second half of 2009, which will increase consumer spending and mortgage sector begins to recover from the effects of the crisis. That was reported by Reuters, referring to the results of a survey of American economists Agency Blue Chip Economic Indicators.
86 percent of economists believe the U.S. that a slight increase in macroeconomic indicators in the country will begin in the second half. The rapid growth of the economy, respondents expect only in the second half of 2010. However, despite improvements, the unemployment rate will continue to grow throughout the 2009 th and 2010.
National Bureau of Economic Research (NBER) United States believes that the recession in the economy has started in December 2007. Thus, the GDP the U.S. is in recession for over 16 months. In the fourth quarter of 2008, the U.S. economy fell by 6.3 per cent. In general, for the whole year 2008 the country's GDP grew by 1.1 per cent. Data on the economic recession in the first quarter of 2009 has not yet been promulgated.
According to the official forecast of the U.S. government, the country's GDP in 2009 decline by 0,5-1,3 percent. Economists interviewed by Blue Chip, believe that by the end of the year drop in GDP will reach 2.6 percent.
In March 2009, the unemployment rate in the country rose to 8.5 percent by updating the 25-year maximum. Since the beginning of a recession economy lost 5.1 million jobs. The peak of unemployment, on the Blue Chip forecast of economists polled, will be in the second half of 2010, when the rate reaches 9.8 percent. Then he starts to fall.
At the end of February 2009 the head of the U.S. Federal Reserve Ben Bernanke said that the full restoration of the country's economy after the global crisis may take more than two or three years. Moreover, Bernanke noted that the decline in U.S. GDP in the first half of 2009 continues, but by the end of the year will come from the U.S. recession.

No comments: