The American economy shrunk in the first quarter of the year. The gross domestic product (GDP) fell by 0.3 percent in the first few months, as the Ministry of Trade announced. Experts had not expected such a clear development.
American growth rates are counted by the year, ie annualized. They are therefore not immediately comparable to growth data from Europe. To approach a similar episode, you should share the American value with four.
Experts did not show that the American economy would shrink in the first quarter. They expected that President Donald Trump’s trade policy would not really be noticeable in the coming months. Even without Trump, the US economy had already lost the speed at the end of last year.
Exchange clearly in the minus
The private sector in the United States created considerably fewer jobs than expected in April. The number of employees increased by around 62,000 compared to March. Burglary course existed on Wednesday in early trade and in the technology sector. The newspapers of Super Micro Computer fell by 19.2 percent. The courses of the greats of industry such as Mircon, Nvidia, Dell and Micron also fell.
In general, American stock exchanges started the trading day considerably lower on Wednesday. The weak economic data pressed the mood. One of the few companies that considerably surpassed the winning prediction for the current quarter is Seagate, a manufacturer of hard disk shops.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
