USA

Inflated the President’s plans

According to the revised data, which announced the Ministry of trade, 2018, and failed to ensure that gross domestic product increased by at least 3%.

In the IV quarter the growth of this indicator, reflecting the total cost of the released goods and rendered services amounted to 3%, as previously thought, but only 2.5%, and due to the fact that the size of the business investment and exports was less predictable. It should be noted that this indicator, as data refinement, only decline — initially it was thought that it reached 3.1%.

For comparison, during all the time that has elapsed since the end of recession, GDP growth averaged 2.3 percent a year, and for the years 2013-2018 — not 2.4% as previously thought, and 2.5.

In addition, last year was released 2.9% more than in 2017, which is the best indicator for the period from 2015.

But in this case, the result was worse than predicted, Donald trump, hoping for lower taxes, deregulation and the changing conditions of foreign trade.

Economic White house adviser Lawrence Kudlow recognized that the stimulation did not give the desired effect, but stressed that GDP growth was higher than during the reign of Barack Obama. The main reason he called the tightening of monetary policy, expressed in the fact that the Federal reserve of 7 times to raise interest rates.

“In this situation it was possible to call a miracle what was achieved such a pace of development,” he concluded.

Source:news.rusrek.com

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