Go Finance Reporting in WASHINGTON - Economic growth in the United States more slowly than expected over the last few months in 2010 yesterday. Because the U.S. government cut spending to prevent further weight in its budget crisis.
Quoted by AFP on Sunday (02/27/2011), economic growth fell to 2.8 percent in the last quarter in 2010, where more slowly than expected, giving rise to the question of the vitality of the economic recovery is Uncle Sam's country.
Through the political debate in the U.S. that fierce because trimming spending by the government, then the local government budget cuts to help the nearly 2.5 percent economic growth rate.
At first, the U.S. Commerce Department estimates of Gross Domestic Product will increase 3.2 percent in the fourth quarter with government spending to cut costs by just under one percent.
"State and local governments have mobilized the various ways to the economy," said Aichi Amemiya, from Nomura Bank, Japan.
In addition, Washington also reduce federal spending decreased by 0.2 percent compared with an increase of 8.8 percent in the third quarter. Meanwhile, President Barack Obama and some economists have warned that spending can not be cut too fast because this will stalling economic recovery.
"We could argue means to reduce the deficit but we can not argue about the implications. There is no such thing as a free lunch when it comes due to budget cuts. In the short term, reducing the deficits slowed economic growth," said Economic Advisors, Joel Naroff of Naroff. (GoFinance)
No comments:
Post a Comment