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The U.S. economy grew

Mar 8th, 2010 | By admin | Category: Main News

estimated the Ministry of Trade of the country, in the fourth quarter of 2009, the U.S. economy increased compared with October-December 2008 to 5,7%. U.S. GDP growth was above average estimates of analysts, who expected to see an increase of 4,7%. Exceeded projected statistics inspired investors, resulting appreciation of the dollar by 1%, to $ 1,38 /EUR, and the increasing cost of oil at 1,5%, to $ 75 per barrel. But experts worry that a sacrifice of economic recovery brought jobs.

"This is a statistical reconstruction and human recession. In my estimation, GDP growth in the moderate range will continue for at least the next few quarters. But the unemployment rate has reached 10%, raises serious concerns. It is not just a cyclical phenomenon, but dangerous structural phenomenon ", - said the White House economic adviser Larry Summers. U.S. economy shows recovery for the second quarter. In July-September growth was at 2,2%, which was preceded by 12 months of steady decline. For the entire 2009 U.S. GDP declined by 2.4%, its worst performance since 1946, when the recession has reached 10,9%.

main contribution to the current rise in GDP has played the desire of American companies to replenish stores. Growth stocks business structures in the last quarter GDP added 3.39 percentage points.

the first time since the spring of 2008 in the U.S. has increased business investment, which amounted in the last quarter of 2,9%. And of particular interest to high-technology companies are goods: the purchase of equipment and software grew in the October-December at 13,3%, showing a record pace in 2006 and would enable the statistics to add 0.8 percentage points GDP. At the same time investing in real estate and other structural funds fell by 15,4%, subtracting 0.5 percentage points of GDP The pleasant fact for Americans was to increase exports, adding to the 1.9 percentage points of GDP, whereas the increase in imports has deprived the GDP, only 1.4 percentage points

Consumer spending, which accounts for 70% of the U.S. economy grew in the past quarter by 2%, adding 1.4 percentage points GDP. And although because of increased unemployment, consumer spending has slowed compared with the third quarter, when it was 2,8%, it gave the ground for raising rainbow projections.

"The rise of stock markets and rising incomes will push the Americans for what they do best - to consume. Companies and households increasingly will be convinced that economic growth will slow and it motivates them to renew depleted for crisis inventory."s largest economy in the world in 2010 increased by 3,5%, and this growth will reduce unemployment to 9.6% ", - said Barclays Capital chief economist Dean Maki.

Forex - in the European session
Bidding on the market place against a background of high volatility, the leaders reduction Rosneft and Gazprom Neft
In the steel sector now dominated by selling on the background of reducing the cost of industrial metals
The market remained "bullish" idea: "Gazprom jumped inside the day up to 2.5% on the results of financial statements for the III quarter 2009
Now on the market, the weak position of Russia in securities NLMK, they look worse than their steel counterparts
In 2009 RusHydro sent 8.5 billion rubles in technical renovation and reconstruction of the generating facilities
In the 4 th quarter of 2009, Mechel cut coal production by 4% to 5.434 million tons
Net profit of Rosneft on US GAAP for 2009 decreased by 36% to $ 6.514 billion
Overview of the market of precious metals for 29.01.10

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