Saturday, November 21, 2009

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Economic growth prospects for 2010 year
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The USA have started to leave recession

The economy of the USA has started to leave the most long in the history of recession, the group economist of one of leaders in the market of analytical company Conference Board Ken Goldstein has told news agency following the results of the index of leading economic indicators published on Thursday.
"The data shows that economic improvement, at last, has begun. We expect weak growth of economy in the first half of the year 2010 which will depend in many respects on consumer demand", - Ken Goldstein in news agency interview has told.
Following the results of October, in the USA the index of leading economic indicators Conference Board has grown on 0,3 %, having fixed growth in 1 % in September of this year.

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"Lifting of economy of the USA will be slow. Slower and painful it will be in the European Union, therefore, in my opinion, it is possible to expect correction of the rate of exchange in favour of dollar. There are telling arguments in favour of 1,4 dollars for euro, and I would tell and 1,35 dollars for euro", - Ken Goldstein has told.
For last ten days the dollar weakened to 1,4997 for euro.
The economist explains backlog of zone of euro by that unlike the USA the large companies didn't spend tough policy of reduction of expenses at the expense of mass lay-offs. The yen will weaken also to dollar on expected next wave economic recession in Japan in 2010.
In its opinion, critical problem for the USA there is unemployment which dictates the lowest consumer activity since the Second World War.
"I believe that unemployment in the USA can reach 11 %. But has put at all in figures, and in time of restoration of labour market. I am afraid that it will completely be restored, on the most gloomy expectations, only by 2017", - Ken Goldstein has told.
Speaking about condition of bank system of the USA, the economist has noticed that improvement of indicators of the largest banks and reports on quarter profits became consequence of enormous injections from outside the governments and yet don't reflect real situation in financial sector.
"The situation reminds chamber of intensive therapy, and can't serve as indicator of state of affairs in all hospital", - hasn'ted Ken Goldstein.
Conference Board - the research firm which creates and extends the information on management and management, gives representations about situation in the market. Working as the independent global organisation, it conducts researches, publishing such indexes claimed by the market, as index of consumer trust and index of leading economic indicators.