The United States is expected to grow at 1.7 per
cent, compared with 2.2 per cent in 2012, due to a new
configuration of factors. Partly owing to significant
progress made in the consolidation of its banking
sector, private domestic demand has begun to recover.
The pace of job creation in the private sector has
enabled a gradual fall in the unemployment rate. On
the other hand, cuts in federal government spending,
enacted in March 2013, and budget constraints
faced by several State and municipal governments
are a strong drag on economic growth. Since the net
outcome of these opposing tendencies is unclear,
there is also considerable uncertainty about whether
the expansionary monetary policy stance will be
maintained.
The United States is expected to grow at 1.7 per
cent, compared with 2.2 per cent in 2012, due to a new
configuration of factors. Partly owing to significant
progress made in the consolidation of its banking
sector, private domestic demand has begun to recover.
The pace of job creation in the private sector has
enabled a gradual fall in the unemployment rate. On
the other hand, cuts in federal government spending,
enacted in March 2013, and budget constraints
faced by several State and municipal governments
are a strong drag on economic growth. Since the net
outcome of these opposing tendencies is unclear,
there is also considerable uncertainty about whether
the expansionary monetary policy stance will be
maintained.
การแปล กรุณารอสักครู่..