Monday, February 14, 2011

The Fed increased the next year US economic performance prediction

According to radio reports, the Fed made the prediction of the United States economy, it is expected that the magnitude of economic contraction this year than originally expected, from the original forecast contraction 1.5-1% to shrink 0.4-0.1% next year's economic forecast by the original estimated increase of 2.1-3.3% to 2.5-3.5%. However, according to the Federal Reserve lowered the rate of economic growth in 2011 to 3.4-4.5%.

For unemployment, the Fed this year, the unemployment rate in 9.9-10.1%, roughly with the original estimate, and a slight improvement in the next year to 9.3-9.7%, than the original forecast slightly downwards.

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