Greenspan-Testimony von heute hier:

verfasst von Popeye, 16.07.2002, 17:27

The pace of economic activity in the United States picked up
noticeably in the first half of 2002 as some of the powerful forces
that had been restraining spending for the preceding year and a half
abated. With inventories in many industries having been brought into
more comfortable alignment with sales, firms began boosting production
around the turn of the year to stem further runoffs of their stocks.
And while capital spending by businesses has yet to show any real
vigor, the steep contraction of the past year or so appears to have
come to an end. Household spending, as it has throughout this
cyclical episode, continued to trend up in the first half. With
employment stabilizing, the increases in real wages made possible by
gains in labor productivity and the effects of a variety of fiscal
actions have provided noticeable support to disposable incomes. At
the same time, low interest rates have buoyed the purchase of durable
goods and the demand for housing. Growth was not strong enough to
forestall a rise in the unemployment rate, and slack in product and
labor markets, along with declining unit costs as productivity has
soared, has helped to keep core inflation low. The exceptionally
strong performance of productivity over the past year provides further
evidence of the U.S. economy's expanded capacity to provide growth
over the longer haul.

Mehr hier:
<ul> ~ http://www.federalreserve.gov/boarddocs/hh/2002/july/FullReport.htm</ul>
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• Greenspan-Testimony von heute hier: - Popeye, 16.07.2002, 17:27
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