14, the American Bankers Association held a news conference in Washington that the U.S. economy is steadily improving, is expected to continue to increase in 2011.
the American Bankers Association Economic Advisory Committee, Executive Chairman, PNC Financial Services Group Chief Economist Stuart Hoffman said at a news conference: stimulation, to rely on private sector growth changes. Businesses and consumers more confidence in the economy, with the increase in corporate layoffs and hiring less, jobs will accelerate growth. 2011, the private sector will add 2.1 million jobs, much higher than the 1.1 million in 2010.
reported that in the context of increased jobs, consumer and business spending will rise. Meanwhile, strong exports and capital spending will also continue to support economic expansion. Despite the weak housing market and federal and local government's financial difficulties will limit the pace of economic growth. However, consumer spending and business equipment spending strong support, the 2011 U.S. gross domestic product is expected to grow by 3.3%.
However, Hoffman pointed out that the economic growth rate of just 3.3% unemployment rate only to a small decline in the unemployment rate is expected to be the end of this year to 9%.
No comments:
Post a Comment