The size of the American economy in the second quarter of this year compared with the same period of 2019 has decreased on 9,5% in annual basis, the GDP decline amounted to a record 32.9 percent. Hardest dipped consumption and capital investments, while net exports and increased government spending is partially slowed the fall. Experts expect that already in the third quarter of the recovery, the U.S. GDP growth can be up to 20% year on year, but warned about the risks of the labour market due to the introduction of new restrictions.US GDP in the second quarter of this year dropped 32.9% yoy (that is, this would be the fall, if these rates indicator declined for the entire year). In the first quarter of this year decline was much less profound — 5%. Accordingly, the figures were slightly better than expectations — consensus forecast of experts amounted to minus 34.5 percent. For the second quarter of last year US GDP fell by 9.5%.”It will take years to fully compensate the damage, while indicators of business activity point to strong growth in the third quarter on an annual basis, it may exceed 20%,”— noted in Capital Economics. At the same time because of the emergence of new outbreaks of the disease in the United States and restrictions adopted in July, the continuation of the V-shaped recovery of economy unlikely, I guess in the center.Over half of the U.S. economy dipped by 10.6% yoy, while in Germany the decline was 11.9%, but the impact of the pandemic has not been exhausted — this weekend ends the program benefits at $600 a week (had to 31.8 million people), remind ING Bank. New constraints can also have a negative impact on employment.Note, on Wednesday at the relationship of the pandemic and the state of the economy and pointed to the fed, noting that the public health crisis will have a significant impact in the short term and carries significant risks for the economy in the medium term (see “Kommersant” on July 30). The regulator also extended the emergency lending until the end of the year. According to the latest forecast, the fed, the decline of the US economy this year will amount to 6.5%.Tatiana Edovina
