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The US economy, the lowest growth since 2011
1/29/2017 0:00
[rtl]Morning / follow Shokran Fatlawi
United States relies Her strongest economy in the world based on free trade and investment competition a market economy, and has a great wealth of resources represent the most important products of the country.
The US economy recorded a significant slowdown during the last three months of the year, due to several factors , most notably the drop in exports, where growth record in 2016 the lowest rate since 2011, according to revealed by the US Department of Commerce.
The ministry 's report said that " the decline in real GDP in the fourth quarter, reflecting falling exports and rising imports, as well as lower federal government spending."
It has revealed the first evaluation of the overall recording gross domestic product grew by 1.9 percent between October and December, far less than the 3.5 percent recorded in the third quarter, less than analysts ' forecasts for growth of 2.5 per cent according to the latest economic reports released by the statistics office in the country .
In the full year, the economy recorded a growth rate of 1.6 percent, less than a full point for the year 2015,
exports fell by 4.3 percent in the fourth quarter, while imports rose 8 percent, causing these two factors two societies down GDP in the fourth quarter by 1.7 percent.
And it is expected to confirm the slowdown in growth in the fourth quarter against expectations the US central rate hike when the bank officials meeting next week, after it filed in December only the second time in a decade.
According to the "CNN" reported that the United States represents the first agricultural power in the world, both in terms of production or exports, as are the most important industrial productions, and its economy is dominated by the services sector.
The United States is the largest export and import countries, however , remain debt the highest in the world, but this internal debt and indicate the strength of its economy.[/rtl]
[rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=130611[/rtl]
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