Query by Kenlie: Please aid me locate an report?
Its for my Macroeconomics class. It needs to be about the overall economy, not stocks and not a certain nation. It also can only be three weeks old or significantly less. Please help, I’ve attempted googling and all that but I am acquiring desperate here! I have to write a 5 web page review of it and I can’t even discover an article.
Greatest answer:
Answer by 80ist
I thought i’d locate u some thing optimistic…
William Dudley, president of the New York Federal Reserve Bank, said on Monday that the U.S. economy is most likely to see a moderate development in 2010.
“The scenario is slowly improving. We are having a recovery in terms of output and the pace of job losses has slowed substantially,” Dudley mentioned at the Columbia University World Leaders Forum in New York.
“In the second half of this year, actual GDP growth will most likely fall in a three percent to three.five % annualized range. 2010 will most likely be slightly weaker than that, mostly because some of the existing sources of strength are short-term,” he added.
“The inventory cycle is providing lots of support correct now and the fiscal stimulus, which is quite strong appropriate now, will abate as we go by way of 2010.”
The U.S. economy “improved modestly” in late October and November, with moderate gains in customer spending, manufacturing and housing offsetting “dismal” conditions in commercial true estate, the Federal Reserve said in its latest Beige Book report on the economy.
Eight of 12 Fed regions reported the economy had picked up given that mid-October, while circumstances had been small changed or mixed in the 4 bank regions stretching from Ohio and Pennsylvania to the south.
“2010 is also likely to be a much more moderate growth period simply because we still face very a couple of headwinds generated by the hangover of the economic crisis. The banks are nevertheless beneath pressure in terms of credit losses. The shadow banking system is nonetheless impaired and securitization activity is recovering really gradually,” stated Dudley.
Earlier Monday, Federal Reserve Chairman Ben Bernanke told the Economic Club of Washington that there still was not adequate momentum to declare that the nascent financial recovery would be long lasting.
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