After the economic crises, the American economy was revived before stumbling again in early 2011. Whether or not this event is transitory remains to be seen. The chairman of the Federal Reserve, Ben Bernanke, believes it is only a temporary decline in the economy.
When you think about it, it makes sense that the dip in the economic growth is only temporary. Part of the first quarter decrease was probably due to a weakness in the growth rate of exports. However, that is unlikely to last as developing economies keep on expanding. Severe weather has further haltered the ability of the second quarter growth to cover for spending. Military spending has also reportedly decreased.
No comments:
Post a Comment