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High growth rate of the US economy
05/12/2017 12:00 AM [rtl]Washington / Nafie Fartoussi In the third quarter of the world, the US economy is still growing, the fastest in three years, surpassing forecasts and hurricanes that have been destroyed across the country. The growth rate was 3.3 percent in the July-September period, higher than the initial forecast that the growth rate was likely to remain at 1.3 percent in the second quarter, according to a Commerce Department statement. These figures indicate that the US economy has not been adversely affected by hurricanes that Recently hit several areas in the United States and left catastrophic losses . The main reasons for growth are the highest gross domestic product (GDP) since the third quarter of 2014, when growth was 2.5 percent after many years of stagnation. In addition, corporate investment increased by 3.7 percent, and consumer spending increased by 2.3 percent. The US economy is currently benefiting from marked growth in the global economy, an active labor market that supports consumer spending, and a devaluation of the dollar against major currencies, making US goods in foreign markets less expensive and more competitive. President Donald Trump is continuing his efforts to reform and streamline the tax system and reduce taxes on individuals and businesses to boost economic growth, while US stock indexes continue to record unprecedented levels. On the New York Mercantile Exchange, the price of a barrel of West Texas Intermediate crude for January delivery closed at $ 58.36, up $ 0.96 from yesterday's close, but down $ 0.59 Closed last Friday, falling 1 percent this week after rising 3.95 percent last week .[/rtl] [rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=148656[/rtl] |
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