04.12 2012 17:31:56go back
Darya Pichugina quoted on economics
The US GDP grew by an annualized 2.7% in the third quarter of 2012, versus the previous growth estimate of 2%.
In 2011, the US GDP rose by just 1.8% year-on-year, meaning a healthy current level of GDP growth, believes Investcafe analyst Darya Pichugina. However, ‘I would not call the trend upwards sustainable; much will now hinge on the settlement of the fiscal cliff problem. Faced with uncertainty, US companies prefer to keep money invested in short-term financial instruments, rather than invest in production development. This year, we are likely to see a steeper GDP growth than last year, but the further development of the US economy will depend on how the fiscal cliff problem will be addressed,’ concludes the analyst.