Washington - The U.s. economy gained momentum in the last quarter and had its biggest growth in two years during the campaign for the presidential elections of next November 8.
only 10 days of an election in which the economy is the big issue, the Commerce department reported that between July and September, the GDP grew by 2.9% thanks to exports and consumption. The growth was higher at 2.5% that analysts had expected.
Immediately responsible for the campaign of the democratic candidate to the White House, Hillary Clinton, said that this result shows that EE. UU. is recovering from the financial crisis of 2008-2009.
Added that Clinton plans to create more jobs by using the building infrastructure.
“more than 15 million employees were created since the beginning of 2010, and with real income through growing to over 5% in the past year, it is notorious that we have made real progress since the crisis,” said Jacob Leibenluft economic advisor of the candidate.
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By the time there were no comments from the computer of the republican candidate, Donald Trump, who has come EE. UU. saying that the economy is “broken” and promised measures to boost growth.
The report may increase pressure for the Federal Reserve (Fed) rise this year interest rates, a decision that comes to be delayed from December of 2015.
The majority of analysts believe that the Fed will not raise in your meeting next week, but in December.
Lawrence Yun, chief economist of the association of realtors of USA. UU., he asked cautiously as economic growth since the financial crisis has been on average of 2% per annum.
“The Federal Reserve could fall in the temptation of rushing to raise rates due to the poor GDP data,” he said.
Yun cautioned that the Fed should keep the “ performance below normal” of the economy in the last six years.
In its initial estimate of GDP, the Commerce department said that exports climbed 10% in the quarter July-September. This increase is the largest in 3 years, and led the overall growth of the world’s largest economy.
The personal consumption also helped. The expenditure increased by 2.1% in the quarter, although that percentage was half that of the previous quarter.
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