US Economic Report
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As per latest US economic report, national economy is depreciating at an even faster rate. Federal Reserve has noted in its American economic report that conditions have worsened in months of January and February 2009.
Beige Book, brought out by Federal Reserve, is an important economic report of US. It is used for purposes of deciding on rates of interest that operate in USA. This economic report at US has suggested that fiscal recovery can not be expected prior to last quarter of 2009 financial year or first half of 2010.
Latest economist report in US has confirmed that this economic downturn has affected almost all sectors of national economy with exception of a few. Housing markets are supposed to be an area of concern for national economy as per new economic report for US.
As per US economic report levels of consumer spending throughout this country have continued to follow a downward curve. However, there are certain districts where some amount of improvement has been observed in January and February 2009. Consumer spending levels were especially unremarkable during holiday season in fiscal 2008 when it was expected that maximum amount of money would be spent.
As far as manufacturing sector is concerned US economic report suggests that rate of decline in activities have been rather steep. However, this is true only of a few sectors. From an overall perspective things have been even worse for US manufacturing sector.
In their US economic report banks as well as other fiscal organizations have made it clear that there would be additional deductions in demand for business loans. Quality of credit accessible to families and business enterprises has gone down a little. This has made it difficult to get loans compared to previous times. It has also been revealed by US economic report that in final quarter of 2008 rate of depreciation of US economy has been 6.2 percent. This rate was more than what had been expected.
Warnings have been issued in latest US economic report that in order to revive national economy it would be necessary for responsible authorities to act in a forthright fashion and introduce more stimuli. Otherwise US economy would be unable to avoid stagnation.
