"The economy grows again." This emphatically expressed yesterday before the U.S. Congress the Treasury secretary, Timothy Geithner, shortly after the White House confirmed that thanks to the stimulus package were created or saved up to 1.1 million jobs. The impact of incentives for growth is estimated at 2.3 percentage points of GDP.
According to these calculations, without this package and other measures that took effect in February, the economy would have contracted by 3.8% in the second quarter and the destruction of jobs would have exceeded 3.5 million. To date, mobilized 151,400 million 787,000 million dollars budgeted.
President Barack Obama pledged to create or save up to 3.5 million jobs in two years thanks to his stimulus plan. And according to initial estimates, this would avoid the overstepping of an unemployment rate of 8%. But unemployment is already affecting nearly 15 million Americans, 9.7% of the workforce, "an unacceptably high figure."
Geithner reiterated that the measures are yielding tangible results and therefore believes that it is time to change strategy, crisis management to one that ground you this emerging growth. This, he explained, involves "dismantle" the programs that are no longer useful and keep those essential to encourage lending and stabilize housing.
Russia will end the year with international reserves at around U.S. $ 400,000 million
Vice President of Central Bank of Russia, Alexei Uliukaev, today announced that the amount of international reserves will not undergo substantial changes in the remainder of the year.
"The reserves will remain at the current level of order of 400,000 million dollars," said the banker told Reuters.
A 4 September the countr
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