Arab Today, arab today us gdp grows 39 in third quarter
Last Updated : GMT 21:19:09
Arab Today, arab today
Arab Today, arab today

US GDP grows 3.9% in third quarter

Arab Today, arab today

Arab Today, arab today US GDP grows 3.9% in third quarter

New data from the U.S. shows the American economy
Washington - KUNA

Figures released Tuesday by the US Department of Commerce show Gross Domestic Product (GDP) grew by 3.9 percent in the third quarter of 2014.
The Department's Bureau of Economic Analysis said the increase "reflected positive contributions from personal consumption expenditures (PCE), nonresidential fixed investment, federal government spending, exports, residential fixed investment, and state and local government spending that were partly offset by a negative contribution from private inventory investment." However, "imports, which are a subtraction in the calculation of GDP, decreased," the Bureau affirmed.
In a statement released by the White House, Chairman of the Council of Economic Advisers Jason Furman said the news affirms "that economic growth in the third quarter was strong, consistent with a broad range of other indicators showing improvement in the labor market, increasing domestic energy security, and continued low health cost growth." He added that "since the financial crisis, the US economy has bounced back more strongly than most others around the world, and the recent data highlight that the United States is continuing to lead the global recovery." Real GDP growth was "revised up 0.4 percentage point from the advance estimate released in October," due to "contributions of consumer spending and business investment," the data expressed.
Meanwhile "gross national saving edged up to reach its highest level as a share of GDP since the end of 2006," largely due to "the reduction in the Federal budget deficit at the fastest pace since the demobilization after World War II, as a falling deficit increases national saving." When it comes to transactions between the US and the rest of the world, "the current account deficit remained near its lowest level since the late 1990s, as the United States continues to ease its dependence on foreign capital," third-quarter figures showed.
"When the current account is in deficit, as it has been for most of the past thirty years, the United States borrows from abroad to finance its spending," Furman explained in his statement. "But our current account deficit has narrowed sharply since the crisis, indicating reduced reliance on foreign borrowing. The US current account deficit now stands at 2.6 percent of GDP, down from more than 6 percent in 2005. This is another imbalance that is improving in this recovery." Finally, Tuesday's numbers demonstrated that "real private domestic final purchases (PDFP)-the sum of consumption and fixed investment-is up 3.0 percent over the last four quarters, a faster four-quarter growth rate than real GDP." Furman explained that "real PDFP growth is generally a more stable and forward-looking indicator than real GDP because it excludes highly volatile components like inventory investment and net exports." While the overall report is positive, he acknowledged there is "more work to be done to boost growth in the United States and around the world," but stressed that Congress must work with the Obama Administration to promote a stronger economy.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us gdp grows 39 in third quarter Arab Today, arab today us gdp grows 39 in third quarter

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us gdp grows 39 in third quarter Arab Today, arab today us gdp grows 39 in third quarter

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Egypt tourism revival steady but slow

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 600,000 children may flee to Bangladesh

GMT 06:49 2017 Monday ,18 September

600,000 children may flee to Bangladesh
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:45 2017 Sunday ,17 September

France's hurricane-hit St Martin

GMT 21:57 2017 Sunday ,17 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday