The American GDP shrank for the first time since 2011. According to the published data, over the first three months of the year, the U.S. economy added only 1% year on year. The U.S. Ministry of Commerce has not registered a decrease in the GDP for three years. It should be said that the latest estimates are final and reflect the actual state of affairs, unlike the flash ones that came out about a month ago. The preliminary figure was 0.1%. The international agencies emphasized the significant discrepancy between the actual and forecasted readings of the key economic indicator. As the most pessimistic analysts had it, the American economy would sink by 0.5%. Anyway, the watchdogs are sure that the demand will rise and this will definitely invigorate the economic growth. Most experts believe that within this period the U.S. GDP will increase by 3.5% on an annual base or 0.9% quarter on quarter. Another precursor of upcoming turns for the better is upbeat employment statistics for April.
Last month the American economy generated 288 thousand jobs versus 203 thousand in March. Moreover, in April, housing starts rose by 13.2.%
