To Innovation - Breaking Politics, Economics, Crypto & IT News

learn more
Reporting from Watford, UK and LA, US since 1996
learn more




TOP STORIES
Zuckerberg discussed "TikTok danger" during private dinner with Trump

Facebook spokesman says that Zuckerberg 'cannot remember' discussing the issue of TikTok wit...



Economic growth in the USA is below expectations



The U.S. GDP growth in the first quarter of 2017 amounted to only 0.7% in annual terms.



03.May.17 3:24 AM
By Christina Orlina
Photo Toinnov.com

   415

Economic growth in the USA is below expectations
The U.S. GDP growth in the first quarter of 2017 amounted to only 0.7% in annual terms. Such data was published by bureau of economic analysis U.S. Department of Commerce. In the fourth quarter of 2016, growth amounted to 2.1%. Economists polled by Reuters predicted that growth in the first three months of this year amounted to 1.2%.

Carsten Brzeski, chief economist at ING-DIBA in Frankfurt said: “Everyone's talking about Trump. He also talked a lot. But if you look at the result of his activities, you won't see much. It was an intense couple of weeks, when it was signed many decrees. But in the end such a large economic projects as protectionism, tax reform, major investments have not been implemented”.

The main reason for the slowdown is the decline in consumer activity. But most economists agree that this is only a temporary setback, and in the second quarter, growth could reach 3%.



Back to the list


Related Information: