Tuesday, June 16, 2009

The IMF encouraged Americans

For the first time since the beginning of the crisis the International Monetary Fund forecast has improved U.S. economy. The Fund expects that in 2010 GDP will increase by 0.75%. This year that figure, according to the IMF, will decline by 2.5%, while the Fund in April forecast a decline of 2.8%.

Optimistic conclusion made by experts of IMF on the basis of recent statistics that show completion of a sharp decline in output. «The economic indicators point to a slowdown in decline, especially in labor markets and housing, which are key to economic
recovery and financial stability - the review of the IMF. - In parallel with these markets significantly
improved financial conditions, while reducing interest rate spreads and growing confidence in financial stability as a result of measures taken by the Government, the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve ».
However, economic activity in the States is still low, analysts stress the fund. In their view, the combination of financial tensions and the ongoing correction of the housing market and the labor market will restrain growth for some time. In this regard, the IMF head Dominique Strauss-Kann said: even though the peak of world economic crisis passed, but the crisis is not over and talk about the post-development is too early. However, he said, it is clear that there is a need to reform the system of early warning of financial crises.
Analysts do not agree with the conclusions of the IMF. In their view, are still uncertainties in the financial sector and serious problems in the industry. «As a result, the IMF projections are more like verbal intervention, while the potential for the development of negative tendencies in the United States is still great - they can continue in the coming year, the analyst believes, SG« Finam »Julia Golysheva». In her view, the IMF made in line with the positive trend which is already about a month in a speech a number of experts. Market convinced that America has reached bottom. «In our view, the situation is less clear: for example the recent rise of the stock market and some signs of stabilization in the financial sector has not yet impacted significantly on the increase in consumer spending Americans, they have less to invest and acquire wealth, preferring that the multiplication of savings and debt reduction burden », - noted the expert.

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