United States
Article Abstract:
The forecast of growth in the United States has been revised to 3.3% from 2.8%, according to a report. Headline inflation rose to 3.3% in December 1996, faling to 2.8% in March 1997 and the core inflation rate has fallen to 2.5%. Unemployment fell in March, and there has been rapid growth of the labour force, with earnings improving. Consumer spending has been strong during the first quarter, helped by strong income growth, but the stronger domestic demand combined with the stronger dollar as prevented improvement in the trade balance.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1997
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United States(US economy in 1997 and forecasts for 1998)
Article Abstract:
US domestic demand grew by some 4% in 1997, and consumer spending did not slow down as expected. Business investment grew by over 10% in 1997, with investment in producer durable equipment growing faster than investment in structures. Long-term interest rates have dropped as a result of the Asian financial crisis, which looks set to slow the US economy. The labor market is tightening, but inflation continued to drop in 1997. Uncertainties about the Asian crisis mean that US interest rates should not be raised in the short term.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1998
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United States
Article Abstract:
The consumer sector, ISM indexes and the equities in United States has shown a positive signal while the labor market continuous to deteriorate. The Fed Chairman Greenspan supported the prevailing interpretation of Fed policy that rates will be held at current low levels for an extended period until the economy has clearly regained healthy growth.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 2003
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