ECONOMIC AND FINANCIAL DEVELOPMENTS IN 2000

ECONOMIC AND FINANCIAL DEVELOPMENTS IN 2000 ECONOMIC AND FINANCIAL DEVELOPMENTS IN 2000 The expansion of U.S. economic bodily function maintained considerable pulsation through the early months of 2000 despite the firming in credit markets that has occurred over the past year. Only recently has the pace of real activity shown signs of having moderated from the extremely rapid rate of increase that prevailed during the second half(prenominal) of 1999 and the rootage quarter of 2000. Real GDP increased at an yearbook rate of 5-1/2 percent in the frontmost quarter of 2000.

Private domestic final sales, which had accelerated in the second half of 1999, were particularly robust, rising at an annual rate of almost 10 percent in the first quarter. Underlying that surge in domestic spending were numerous of the same factors that had contributed to the con-siderable strength of outlays in the second half of 1999. The on-going influence of substantial increases in real income and wealth move to fuel consumer spend-...If you want to get a full essay, format it on our website: Orderessay

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