U.S. Economic Outlook: Quarterly developments

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/WAS/TS.2018/8
cepal.docTypeDocumentos de proyectos e investigación
cepal.jobNumberS1801190_en
cepal.regionalOfficeWashington
cepal.sdg1
cepal.sdg8
cepal.sdg10
cepal.sdg17
cepal.topicEngECONOMIC GROWTH
cepal.topicEngECONOMIC INDICATORS AND PROJECTIONS
cepal.topicEngECONOMIC STATISTICS
cepal.topicEngMACROECONOMICS
cepal.topicSpaCRECIMIENTO ECONÓMICO
cepal.topicSpaESTADÍSTICAS ECONÓMICAS
cepal.topicSpaINDICADORES ECONÓMICOS Y PROYECCIONES
cepal.topicSpaMACROECONOMÍA
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.entityNU. CEPAL. Oficina de Washington
dc.coverage.spatialEngUNITED STATES
dc.coverage.spatialSpaESTADOS UNIDOS
dc.date.accessioned2018-12-20T18:26:06Z
dc.date.available2018-12-20T18:26:06Z
dc.date.issued2018-12-17
dc.description.abstractHighlights: -In the third quarter of 2018, the U.S. economy grew at an annualized rate of 3.5% after rising 4.2% in the second quarter. Growth remained strong, but its composition deteriorated, as inventories accounted for almost two-thirds of the growth. Growth was led by consumer spending, which contributed 2.45% to growth, down from 2.6% in the second quarter, and inventories, which contributed 2.3%. -U.S. employers added 2,268,000 jobs from January to November 2018, more jobs than in 2017. Unemployment rate held steady at 3.7% at the end of November, the lowest level since 1969, while year-on-year wage growth was unchanged at 3.1%, equal to the quickest pace since April 2009. -The productivity of nonfarm workers increased at a 2.3% rate in the third quarter, a deceleration from the 3% advance in the second quarter. Labor costs cooled, signaling an easing in inflation pressures. -The trade deficit widened to its highest level in 10 years in October, rising more than expected. Imports have surged due to solid demand growth, while exports have dipped from their May highs due to rising tariffs and a relatively strong dollar. -The Federal Open Market Committee (FOMC) raised interest rates by a quarter point three times in 2018 so far – in March, June and September – and signaled that one more increase is on the way in December, as Fed officials expressed confidence on the strength of the U.S. economy. -The U.S. economic outlook becomes murkier in 2019, as policymakers weigh risks including slower global growth and less fiscal stimulus
dc.formatTexto
dc.format.extent27 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/WAS/TS.2018/8
dc.identifier.urihttps://hdl.handle.net/11362/44330
dc.language.isoeng
dc.physicalDescription27 p.
dc.publisherECLAC
dc.publisher.placeWashington, D.C.
dc.rights.coarDisponible
dc.subject.unbisEngECONOMIC CONDITIONS
dc.subject.unbisEngECONOMIC DEVELOPMENT
dc.subject.unbisEngECONOMIC TRENDS
dc.subject.unbisEngECONOMIC INDICATORS
dc.subject.unbisSpaCONDICIONES ECONOMICAS
dc.subject.unbisSpaDESARROLLO ECONOMICO
dc.subject.unbisSpaTENDENCIAS ECONOMICAS
dc.subject.unbisSpaINDICADORES ECONOMICOS
dc.titleU.S. Economic Outlook: Quarterly developments
dc.type.coarlibro
dspace.entity.typePublication
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