Projections recently published by the American Bankers Association that the U.S. economy will continue to grow. This is the trend of the industry make the U.S. economy is another positive judgments. Beginning of the year, the United States a number of economic indicators are showing a new weather, can be described as a good start. In this context, economists have also said that the recent bullish trend in the U.S. economy this year.
However, the good start really means that the U.S. economy will usher in the new year, High rate of unemployment can really fall? Will the financial sector continued to improve? By analyzing the industry's latest position and the various data, we may be able to break the suspense.
years ago, part of the shares is expected to soar! Confidential! Market institutions will soon be reversed capital flows have changed dramatically! Main layout
money is plotting a new economic growth is the main tone of sustained
Although the U.S. economy in 2010, sometimes strong, sometimes faltering, the trend is not smooth, but still achieved since the financial crisis first full year growth.
since the end of last year, the trend of increased U.S. economic recovery become more prominent. In addition to the real estate market remains weak outside, from manufacturing to services, from personal consumption expenditure to increase employment opportunities, the United States show a number of important economic sectors a thriving scene.
At the same time, from the federal agencies to industry associations, the U.S. business community Strong Tendency to U.S. economic growth have given a positive response, made a more optimistic prediction and evaluation. Industry generally believe that sustained recovery will be the trend in 2011 the main tone of the U.S. economy.
14 U.S. Department of Commerce announced in November last year, U.S. business inventories rose by 0.2% qoq. The Fed also announced the same day, the United States last December industrial production rose 0.8% qoq.
the American Bankers Association also issued a forecast the same day that the U.S. economy is steadily improving, is expected to achieve sustained economic growth in 2011 is expected to reach 3.3% growth rate.
13, Federal Reserve Chairman Ben Bernanke said in a forum, the U.S. economy is maintaining sound growth and deflation risks have decreased significantly in 2011, is expected to grow by 3% to 4%.
the American Bankers Association Economic Advisory Committee, Executive Chairman, PN C Financial Services Group Chief Economist Stuart Hoffman, 14, said: dependent changes in the growth of the private sector, businesses and consumers more confidence in the economy. Over the past year, the U.S. unemployment rate hovering at 9.5% of the peak, the U.S. economy has thus been called the
into 2011, ability to obtain substantial improvement in the job market will continue to be the topic of greatest concern to the American people, but also to judge the quality of U.S. economic recovery is one of the most important basis. United States Government has increased employment as is top priority this year. However, the first task is exactly what the U.S. economy will face the biggest challenge. Analysis, although the unemployment rate is expected to decline this year, but the decline will be very mild.
U.S. Department of Labor recently released the latest data show that U.S. non-farm sector in December last year, the unemployment rate fell to 9.4% in the lowest level in 19 months. This not only support the economic activities of the United States since the end of the gradual increase, but also to improve the job market this year has brought hope.
released 14 American Bankers Association predicted that although the employment situation of 2010 U.S. new poor, but the private sector jobs for 12 consecutive months is still growing. Moreover, the private sector in 2011 will add 2.1 million jobs in 2010 nearly twice as much.
Hoffman said: economic expansion, job growth in the private sector need to be more robust.
Bernanke, 13, also re-emphasized that although the current job market has improved, but the current economic growth enough to significantly reduce unemployment.
the same time, the first U.S. case of repeated claims for unemployment benefits, but also from the side of the evidence that the U.S. job market is a challenge to improve the capacity of a In the week before Christmas last year, the number of U.S. initial jobless claims unexpectedly large decline in a row since then the figure has increased, and the first week in the New Year last year rose to its highest level since the end of October. Although the holiday season ends, this is the normal bounce, but economists believe that only the first time jobless claims fell to 375,000 or below the level in order to show that the unemployment rate continued to decline.
financial market is expected to become increasingly stable
current global financial crisis originated in the explosion of the U.S. financial system, however, recover after the crisis is the fastest growing financial markets, as opposed to the real economy, large-scale bailout is more easy access to financial markets.
Looking ahead, the U.S. industry agreed that the U.S. stock market has rebounded to pre-crisis levels, the bank credit, loan interest rates will continue to pick up the financial sector, the overall situation will become more stable.
Some analysts pointed out that the rising stock market fueled large capital back into the U.S., corporate finance and more convenient, these are effectively support the growth of U.S. real economy.
American Bankers Association that obtained upstream from the stock market wealth will be very positive factor that can stimulate the economy this year to grow at a rate higher than they predicted.
Hoffman noted that the 2011 American Bankers Association, U.S. consumers are expected to grow by 2.7 percent loans, business loans to grow by 4.3%.
the same time, some analysts believe the Fed's monetary policy during the year will be no major changes, which will also help maintain financial market stability.
U.S. banking economists agree that this year's U.S. inflation situation is still controllable, probably in the 1 to 1.5 percent range. Also, expect the Fed will not raise the federal funds rate. At the same time, they also believe that the Fed will be completed in the first half of this year 600 billion U.S. dollars of quantitative easing program, but will not launch a new round of bond purchase plan.
in interest rates, the American Bankers Association believes that short-term interest rates remained unchanged, the 10-year Treasury bill rate to rise slightly to end 3.7 percent, 30-year fixed mortgage rates will rose 4.8% to 5.3%.
No comments:
Post a Comment