United States people can finally a relief, because they no longer drag down the world economy.
According to the United States Department of Commerce preliminary data released yesterday, the third quarter of this year United States gross domestic product (GDP) annualised growth 3.5% for four consecutive quarters of decline after the first occurrence of growth.
This data is better than previously expected by economists. Market value of the mainstream of prediction is 3.2%.
Standard & Poor's Chief Economist David · Levis (David Wyss) told reporters: "it is clear that the recession is over, not just the United States, most parts of the world's economic situation is improving. ”
Affected by this news affected United States stock market Thursday opening after Wednesday's decline after all the way out. As of this dispatch, the Dow Jones index increased 99.23 point, reaching 9861.92 point; sandp 13.76 point, reaching 1056.65 point; NASDAQ index has risen by 30.53 point, reaching 2090.14 points.
Many analysts point out that GDP growth is a major cause of large enterprises in the third quarter to continue pieqing inventory, save cost. Sin is the inventory of cleanup can contribute to GDP growth 1 percentage point. United States Government "old cars for cash" program also offers some help.
In addition, the United States Government for the first time purchase rebate policy also stimulated the real estate of consumption and investment. The latest economic data show that the United States during the third quarter of the purchase amount is payable on the consumption of adjusted growth 23.4% since 1986, the greatest growth is since 2005 for the first time.
But many analysts suspect that the establishment of the economic stimulus plan on the basis of GDP growth can be sustained up to 2010, and create more employment opportunities. Currently, the United States record 14 billion budget deficit for the economic policies of the Obama new difficult.
While the Fed seems to be considering exit stimulus measures to protect against inflation. Third quarter data or will further strengthen the Fed.
The Fed will be 3 to 4 day Conference held interest rate policy, economists expect the fed to keep benchmark interest rate unchanged, but some observers said the Fed might imply that future increases in interest rates.
"The current third-quarter GDP growth, is artificial, this is the result of the economic stimulus plan. Estimates of the next United States GDP will grow, but rhythm is slowing down, probably in the third quarter, half or so. This trend will continue through 2010. Specific situation depends on Government policies, for example, taxation, credit, etc. "David · Vicky said.
Bloomberg news service on the Economist survey, we think that the United States GDP growth in the fourth quarter will 2.4% next year then keep this trend, 2011 2.8%.
Because the United States is the engine of world economy, the United States economy officially entered the recovery would also bring to the global economy.
EU data show yesterday, this quarter, Europe factory production line usage from previous 69.6% to 70.7%, this is two years, for the first time.
"At the end of the beginning of this year our economy falling over," ECB Member Mario · de Elahi (Mario Draghi) yesterday in Rome said: "we cannot be sure that, once the currently implemented special economic policy exit, the sustainability of the recovery. ”
Asia-Pacific situation more optimistic.
The United Nations Economic Commission for Asia and the Pacific, yesterday published 2009 Asia Pacific trade and investment report, Asia-Pacific leading economies exports will rebound, this area will lead to an economic recovery.
Roemer: United States economy is expected to have an inflection point
United States White House Council of economic advisers, Roemer said Thursday that the United States during the third quarter of the sharp recovery in the economy, that after a long period of recession, the economy is gradually recovering, but work still needs to be for a period of time will only increase.
Romer pointed out, it seems that the economic recovery has a broad basis. Consumer spending and investment expenditures are increasing, this is a good sign. Therefore it is expected that inflection point has already occurred.
United States Department of Commerce said Thursday, a seasonally adjusted basis, the United States GDP in the third quarter of the actual value of rate of growth in quarter, exceeding the previous 3.5% market expected growth 3.3%.
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