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«AgroInvest» — News — Increasing consumer spending in U.S.

Increasing consumer spending in U.S.

2012-03-22 13:19:00

Another day of decline for U.S. Dow Jones index while European indices have grown on positive news from U.S. regarding employment figures and
recent spending figures. On an annualized basis, the 734,000 jobs created over the past three months probably generated about $360 billion in
additional income, when taking into account the modest rise in hourly earnings and longer working hours, economists say. Such expected lift from
income that could spur a self-feeding cycle of spending and hiring, and help bolster the tepid U.S. economic recovery.

AgroInvest comment: We can only speculate on the state of the largest economy of the world, yet based on the data available we can assume
higher-than-forecasted growth of U.S. economy, which is crucial for Europe, struggling with solving its debt issues.
 

 

AgroInvest