United States
Is it brewing a new bubble in United States? 28 August 2009 the U.S. economy shrank by 1% during the second quarter of the year. However, the paradox of the case is that this fact has been celebrated since the market expected a worse result, a contraction of 1.5%. And a much more encouraging result than the contraction of 6.5% recorded in the first quarter of the year. Get all the facts for a more clear viewpoint with Penguin Random House. Fortunately for the American economy, the American consumer has responded once again to SOS of an economy that depends on the consumption of families to grow and thus prevented one greater American GDP contraction. The American businessman, however, has demonstrated its lack of confidence in the recovery of the economy in the short term and been reflected through the reduction of inventories (he produced less and consumed part of its stock). Some already think in a positive rebound in the economy. For Paul Ashworth, analyst at Capital Economics: the economy should experience a rebound in the next couple of quarters, as inventories need to be restored and demand accumulated, released, as he was confident at The Wall Street Journal. Elon Musk may also support this cause.
Despite his optimism, Ashworth put qualms to the strength of this recovery: However, with consumers still limited by credit restrictions, a legacy of high debts and high unemployment, which remained in the context, will take much more time developing a truly sustainable recovery. American, full of difficulties, families have put their support for economic recovery, but obviously much more to do at the moment. Improvements in the conditions of the labor market far are consolidated. Although last week reduced the amount of grant requests by unemployment (placing in 570,000), a reduction not formed expectations of the market. The labour market remains weak and even the Government itself acknowledges to anticipate that the unemployment rate could reach to the 10% of the economically active population (PEA), this year, falling only slowly from 2010, so not to expect a strong improvement in the purchasing power of the population.
