Economists are saying that in the next few months the United States economy will be supported less by the government’s efforts and will depend more on business investment and exports for growth. They estimate the economy will grow by about 2.75 percent annual rate throughout the next six months.
This hopeful rate is somewhat diminished from their previous estimate of 2.9 percent with a 5.9 percent spike during the fourth quarter. These numbers are the median of the estimations of over 50 economists.
These economists also predict that unemployment rates will quickly decrease following the slowing of unemployment rates throughout the first part of 2010. As the economy grows, consumer spending will also increase.
In addition, inflation is expected to reach the lowest rate in five decades by the third quarter. The Federal Reserve may be able to keep its target rate close to zero during this time.
Nigel Gault, Chief U.S. economist at IHS Global Insight, said, “The initial big kick from inventories will start to fade…We’re looking more at business equipment spending and for exports to be key drivers [of the recovery]. “
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To read more about the rebounding economy visit:
http://www.bloomberg.com/apps/news?pid=20601103&sid=auUDzaIwZzVg
