Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
US economy growth
Economy

US economic growth: projections and trends

31.07.2020
2 min read

What factors influence the growth of the US economy

Experts estimate that the growth rate of the world economy is slowing down and the trend will be observed over the coming year. But not all countries feel the negative impact of global processes. Thus, analysts have brought new results, which confirm the growth of the US economy by 3.1%. The data were presented as part of the government’s review of GDP.
Such a picture shows that despite the trade war with China, the state economy is strong and can withstand the crisis. It also gives hope for a positive trend in the coming year.
In the first quarter of the current period, the economy developed, according to previously published forecasts, and exceeded the figures of 2018. At that time, the growth was 2.2%. GDP growth in Q1 2019 is the highest in 4 years.
At the beginning of his presidential term, Donald Trump promised the U.S. economy to grow by 3% or more. Despite good indicators, experts are not sure that the head of state will manage to keep his promise. This is evidenced by the analysis of 2018, when the GDP level gradually declined from 4.2% to 2.2%. Such data was the reason for the crisis forecast, although the fears were not confirmed.
Factors that affected the GDP dynamics were investments in trade relations with other countries, administrative costs and inventories. Consumer spending accounts for almost 60% of the economy, and it grew by 0.9% in the first part of the year. This low indicator is associated with a weakening of stability in the service sector. In comparison, consumer spending increased by 2.5% last year.
Despite the results, the US government is optimistic about GDP prospects. When the budget was approved, the White House relied on a 3% growth rate.
The International Monetary Fund has published its forecast for the USA. According to the results, by the end of the year growth will be at the level of 2.3-2.6%.

US economy growth

A negative factor for the U.S. economy is the trade conflict with China, but Trump is confident that this situation will not weaken the country’s strength.
The Federal Reserve said it will not raise interest rates until the end of this year, there is also a possibility of their reduction. The central bank has imposed restrictions on monetary policy to reduce the risk of economic deterioration. For the Federal Reserve specialists the general trends are rather alarming, but there are no reasons to take tough measures yet.
The U.S. government hopes that economic growth will continue this year and next year, but it is not yet possible to say exactly how high it will be. The dynamics are affected by the foreign policy processes, which have not yet seen any progress.

Tags: Global Economy
0
Previous Post How Mary Meeker discovered the potential of the Internet: the story of an investor Next Post FRS has lowered the bet: review of the new strategy from Jerry Powell

You Might Also Like

India’s consumption growth
Economy
Government set to boost India’s consumption growth
26.04.2025
Rejection of quarantine
Economy
The rejection of quarantine in Sweden led to the strengthening of the national currency
08.03.2021
Egypt's economy is in crisis
Economy
Analysts: Egypt’s economy to continue falling in 2023
21.07.2023
IMF Outlook
Economy
IMF forecast: what is expecting the world economy next year
16.06.2020
China's economic recovery
Economy
How China’s economic recovery is going: a review of the processes
26.02.2021
E-krona from Sweden's central bank
Economy
Sweden’s central bank plans to introduce its own digital currency e-krona
09.07.2022

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics