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Main » 2016 » October » 13 » 2016 could be the worst for the US from recession times
2016 could be the worst for the US from recession times


2016 could be the worst for the US from recession times

 The US economy is experiencing the worst period of growth since the Great Recession. For the entire 2016 US GDP is expected to grow by 1.5%, according to experts of Oxford Economics. Fitch Ratings analyst forecasts even more grim - 1.4%.




"This year, most likely, we will see the lowest rate of economic growth in the US in 2009," - says chief economist Brian Fitch, Colton. All because of - the American company. Companies are cutting costs. Private investment fell sharply in new equipment and technology. 

It all began with the oil industry. After the oil and natural gas prices have fallen, the power companies are spending less. Other companies followed suit.

In addition, uncertainty about the consequences of «Brexit», the outcome of the upcoming elections in the US, and the Fed's decisions and other central banks have added hassle.

The main question is what happens next. whether the US economy is set for recovery or another recession?

"I think the wound will bleed, - noted economist Stifel Nicolaus Lindsay Pegza. - Now we look forward to the growth of 1.5% on an annual basis. The following year, growth may slow down to 1%. " According to analysts, over the next few years, the US economy will slide into recession.

Yes, the country's GDP continues to rise, but the growth rate at 1.4% or 1.5% - a sharp slowdown compared with the figure of 2.6% over the past year.

If in 2016 the growth rate will fall below 1.6% (registered in 2011), it would mean that the US economy expanded national minimum rate since 2009, in the midst of the Great Recession.

"Despite the fact that the rate of growth has slowed, the current economic expansion could be the longest in history", - said Jason Pride, director of investment strategy for Glenmede. This may be the fourth record in US history.


Based on materials WELTRADE



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