Fears of a recession in the US economy
Fears of a recession in the US economy
2/3/2016 0:00
WASHINGTON (Reuters) –
Experts believe that the US economy could face a period of recession during the current year 2016, and as the Royal Bank of Canada, the proportion achieving this possibility by 15 percent, while Bank of America believes that the ratio of up to 20 percent. Typically these expectations based on counting the number of registered unemployed in the labor offices, and the amount of goods, which are transported by truck or train.
The American Society for trucking indicated last December to higher transport volume by 1.1 percent compared to the same month in 2014. the figures indicate that in general the industry is witnessing a slowdown in its activities over the last four months, is probably the reason behind this rise in value of the dollar by 13 percent compared to the currencies of US trading partners others. But America is not alone, as the manufacturing sector saw a contraction in China is the other, which is what worries observers in general, as they watched the decline in the industry’s two largest industrial zones in the world. Despite that concern greater for China, where the industry represents 30 percent of the GDP of the country, while the figure represents more than 10 percent just in the United States, however, should not minimize the importance of the manufacturing sector in the United States, because the rate of 9 percent Works of all non-farm in the United States linked to the industrial sector, noting that some of these industries began to lay off workers, which means they are positioning themselves for the case of the largest slowdown. Observers believe that the probability of a recession hit the US economy is out of the question, especially with what is currently facing China, it is certain that the effects of that will be reflected on the US economy.
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