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BEIJING Homme Nike Air Max 270 Just Do It Blanche Pas Cher , Nov. 7 (Xinhua) -- The U.S. economy is undergoing an "unremarkable" recovery with economic data between June and September disappointing, leading the Federal Reserve to delay Quantitative Easing (QE) tapering, a senior economist said.
The prospect of QE tapering primarily depends on incoming economic data, Michael Hanson, a senior U.S. economist with Bank of America (BOA)Merrill Lynch, said during an interview with Xinhua on Wednesday.
Hanson, who was in Beijing to attend BOA Merrill Lynch China Conference 2013 Homme Nike Air Max 270 Flyknit Blanche Noir Pas Cher , expects the Fed to discuss QE tapering early next year. "I think January and March could be the most likely, in those two (Federal Reserve) meetings. But it really depends on the economic data."
The Fed's September decision to delay QE tapering took the market and analysts by surprise.
Hanson, who has nearly 20 years of experience as an economist in financial markets, the Federal Reserve system and academia, claimed his team was one of the few who predicted the Fed would not start QE tapering in September.
"The reason is actually quite simple... If you look at what happened in the (U.S.) economy from June to September, it disappointed to the downside, based on much of the data that came in."
The U.S. economy was unable to churn out data that matched the forecasts Homme Nike Air Max 270 Flyknit Noir Pas Cher , and the Fed was forced to revise down its own growth forecasts in September, he said.
It would be unthinkable for the Fed to say "we acknowledge the economy is not doing as well as we have thought, and therefore we are going to taper," Hanson told Xinhua.
For the last four years, U.S. economic growth has been sluggish, increasing by around 2 percent. Hanson forecast the U.S. would grow just above 2 percent in the third quarter this year, and around 2 percent in the fourth quarter. For 2013 Homme Nike Air Max 270 Flyknit Olive Flak Pas Cher , he expected the economy to grow 1.5 percent year on year.
But next year, in Hanson's view, will be a different story.
A number of factors are expected to contribute to potentially better growth in 2014, including smaller fiscal drag and pickup in demand from the housing and the auto sectors, he said.
He forecast the U.S. economy would, on a quarterly basis, expand by 3 percent or better from the second quarter next year. The U.S. economy is likely to grow by 2.7 percent in the whole of 2014 Femme Nike Air Max 270 Blanche Orange Pas Cher , he said.
Hanson also expected the Fed to taper much more gradually if it decides to do it.
The market thinks it will take the Fed maybe six months to conclude QE, but Hanson maintained that should the Fed start tapering in January, it would not be completed until the fourth quarter of 2014.
"So it would be much more gradual, and that would give some cushion to the market expectations. So there won't be a knock-on effect," he said, adding that the likely impact of tapering on the global economy would not be quite as adverse as some people imagine.
For ordinary people to understand the U.S. economy and its recovery, Hanson suggested the single most important thing to do is to keep eyes on the U.S. labor market.
"If you are going to have a sustained and broad-based recovery Femme Nike Air Max 270 Rose Blanche Pas Cher , you need to see the labor market improve in the U.S.... From the very deep recession point, there has been a rather slow recovery on that front (in terms of job loss)."
Between 8.7 and 8.8 million jobs were lost from the U.S. job market's peak at the end of 2007 to its lowest point in February 2010. Since then, the U.S. has gained back about 6 million jobs, but there is still a 2-million-job gap, according to Hanson.
The other important indicator that people need to track is the housing market. There was a notable improvement in the housing market, but a full recovery will take a number of years, he said.
Regarding the U.S. political row over the fiscal budget and the debt ceiling Homme Nike Air Max 270 Noir Verte Pas Cher , Hanson believed that it would be "extremely unlikely to see a shutdown of the U.S. government" after Jan. 15.
The U.S. Congress approved a deal on Oct. 16 to fund the government through to Jan. 15, and raise the debt ceiling until Feb. 7, after weeks of bitter fiscal fighting and 16 days of federal government shutdown.
"Both parties were damaged politically the last time, particularly the Republicans in the polls.... I don't think we will see that again," he said. "Instead, we will see both sides trying to find a more agreeable solution that doesn't end up with shocking the market."
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S.Korea's 2014 growth outlook revised down by IMF
SEOUL, Oct. 9 (Xinhua) -- The International Monetary Fund (IMF) has revised down its 2014 growth outlook for South Korea Homme Nike Air Max 270 Blanche Pas Cher , citing growing downside risks to the global economy.
The South Korean economy is expected to grow at an annual rate of 3.7 percent next year after expanding 2.8 percent this year, according to the IMF's World Economic Outlook report on Tuesday, cited by Seoul's Finance Ministry.
KIEV, Oct. 6 (Xinhua) -- Ukraine is seeking ways to bolster its economic and trade cooperation with the United States in the agricultural sector, the Ukrainian Agriculture Ministry said on Thursday.
"We are interested in simplifying access of some Ukrainian agricultural goods to the U.S. market, expanding the range of Ukrainian agricultural exports and further deepening the bilateral cooperation between our countries," Olga Trofimtseva Homme Nike Air Max 270 Triple Noir Pas Cher , Ukraine's deputy agriculture minister, said in a statement.
Particularly, Ukraine is willing to boost its collaboration with the U.S. in the area of quality control of agricultural products and food safety, Trofimtseva said.
Ukraine's official statistics showed, the agricultural trade turnover between Ukraine and the United States increased by 6.3 percent year on year to 127.5 million U.S. dollars in January-July of 2016.
Out of the total trade volume, Ukraine's exports stood at about 20.8 million dollars, down 22.7 percent on a yearl. Wholesale Hoodie Wholesale NHL Hats Wholesale Collge Jerseys Wholesale Nike NBA Hoodie Wholesale MLB Hoodie Wholesale NHL Hats Wholesale Nike NFL Hats Wholesale MLB Jerseys Cheap NBA Hats Cheap Soccer Jerseys
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