United States economy for years to cross two daokan

One sentence summarizes the 2009 United States economic trend, that is, as from the beginning of the year "free fall" down into the United States President Barack Obama said the "right way".

United States Department of Commerce on November 24, published amendments to the data displayed in the third quarter of this year, the United States GDP annualised growth 2.8% for the United States economy four consecutive quarters of decline after the first occurrence of growth. Analysts noted that the United States economy rendered turn, can be largely attributed to the United States implemented a series of powerful incentives.

A leaf fall in the autumn, he knows the problem is only a quarter of economic growth, implying that the United States economy is emerging from recession and entered recovery?

With the United States Treasury Secretary Geithner's words, "recession risk still exists", the most significant challenges is the United States of high unemployment. The fed that unemployment will remain high, and this year is expected in 9.8% to 10.3% next year, will still be up to 8.6% to 10.22%. If the unemployment rate remained high, will have a direct impact on the consumption of the United States who wish to drag down the United States economic recovery process.

Obama, the current high unemployment is becoming the primary he faces economic challenges, it is most pressing, the most difficult economic challenges. Barack Obama announced the promotion of employment package. United States White House National Economic Council Director Lawrence · Summers said 13, stimulating employment will become the Obama Government next year, "the first duty".

Continue to create "astronomical" budget deficits, the United States Government is facing another challenge. Since the great depression, the most serious economic recession led to a sharp decline in the United States tax, and for unemployment insurance, social security expenditure is soaring, the United States deficit so highs.

United States Treasury Department published data show that the United States deficit in November reached 1203 billion record continuously 14 months of fiscal deficit. The Obama administration has estimated that the United States 2010 fiscal year budget deficit will reach 1.5 trillion, will be the third consecutive deficit innovation high financial year, the budget deficit over the next 10 years to reach the total size of about 9.05 trillion, close to the current United States 12 trillion national debt.

United States Carnegie Mellon University Professor of Economics · Island · Smeltzer believes that the United States now over-generous fiscal and monetary policies, in particular the serious problem of the deficit, if inadvertently, may make the United States into a new crisis. Thus, Obama has repeatedly warned that the United States still faces a series of challenges for economic recovery was completely the way ahead is long. If the United States authorities policy should accidentally, economy could be plunged into a new crisis, the "double" type of recovery.

Federal Reserve Chairman Ben Bernanke recently also said that although the United States economy once again sharply possibility is very small, but cannot exclude the "double bottom" the possibility of a recession. Most Fed policymakers believed that the United States economy and complete recovery may take 5 to 6 years. Complete recovery refers to the United States economy to achieve sustainable growth, employment, inflation levels in the Fed's control.