The United States of America

Rodica Velciu

Conjunctura economiei mondiale / World Economic Studies, 2012

Abstract: After an economic slowdown in the first half of 2011, the American economy started to accelerate its pace, stimulated by the slight recovery of the labor market and increase in consumer spending. In overall 2011, the American economy has registered an increase in GDP of 1.7% (reaching the level of USD 15,094 billion) compared to 2.9% in 2010. The increase of the real GDP reflects mainly the positive contributions of consumer spending, exports and non-residential fixed investments, partly decreased by the reduction in local and federal spending.. OECD report anticipates a gradual acceleration of GDP, as a result of a boost of private spending and real estate. The increase of employment will be permanent during the next period, with an unemployment rate estimated at 8.1% in 2012 and 7.6 in 2013.

Keywords: GDP; economic growth; unemployment rate; inflation rate; commercial balance; current account balance; government financial balance; general government gross debt; monetary policy; fiscal policy (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2012:id:2822000009571011

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