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The United States of America

Author

Listed:
  • Rodica Velciu

Abstract

After an economic slowdown in the first half of 2011, the American economy started to accelerate its pace, stimulated by the slight recovery of the labor market and increase in consumer spending. In overall 2011, the American economy has registered an increase in GDP of 1.7% (reaching the level of USD 15,094 billion) compared to 2.9% in 2010. The increase of the real GDP reflects mainly the positive contributions of consumer spending, exports and non-residential fixed investments, partly decreased by the reduction in local and federal spending.. OECD report anticipates a gradual acceleration of GDP, as a result of a boost of private spending and real estate. The increase of employment will be permanent during the next period, with an unemployment rate estimated at 8.1% in 2012 and 7.6 in 2013.

Suggested Citation

  • Rodica Velciu, 2012. "The United States of America," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2012:id:2822000009571011
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