It's safe to say that 2019 was a busy and very prosperous year for the United States, including record-breaking GDP growth periods. For those who do business in the country or are thinking of expanding their investment portfolio next year, the data is encouraging. Read on and see how the US economy is shaping up in 2019.
Breaking records
In July this year, economic expansion broke records (reaching 122 months of growth). Previously, it was 120 months, from March 1991 to March 2001. In the final projection before the 2016 elections, the CBO (Congressional Budget Office) estimated that real GDP would grow at an annual rate of 2.1%. The figures would refer to the first 11 quarters of a new administration.
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Consumption
The higher than expected GDP growth also gives US consumers a lot of confidence. Thus, real consumer spending grew by 2.9% at an annual rate in the third quarter, up from the 2.6% recorded in the previous four quarters.
Unemployment
In the direction of this wheel of prosperity, unemployment is the lowest it has been since 1969. It is worth noting that the unemployment figure is falling and has been driven by the need for manpower for greater production. Thus, 73.7% of the workers entering employment came from the labor force and not from unemployment. In Orlando the figures are even more encouraging, with an unemployment rate of 2.8%.
Lennar data 2019.
Stock exchange
In the stock market, the Trump administration has also been highlighted by the appreciation of the US stock market. Especially in the Dow Jones Industrial Average, as shown in the graph below.
Read also: Learn about entrepreneurship in the USA.
[/mpc_alert]What to expect in 2020
In line with the trend, the coming months will also be positive, with wages expected to rise, enabling more Americans to enjoy the benefits of a growing economy. With a high GDP and an employed population, a very prosperous 2020 is expected in the United States.
In the real estate market
After promising data in relation to the other parameters that characterize a good economy, the real estate sector is no exception. Orlando in particular is proving to be an excellent place to invest in the United States. As the graph from the 2019 Lennar survey shows, homes in the region have appreciated by 112%, 104% more than the national average.
REMITTANCES
Conheça as diferentes formas de enviar dinheiro para os Estados Unidos e escolha a que melhor se adequa para as suas necessidades. [/mpc_alert][mpc_button url="url:https%3A%2F%2Fthefloridalounge.com%2Fremessa-de-valores-para-o-exterior-descubra-qual-o-melhor-caminho%2F||target:%20_blank|" font_color="#2eabbf" title="SAIBA MAIS"]
Source: White House, BBC and Poder 360.
[/mpc_textblock][mpc_button mpc_tooltip__text="SW52aXN0YSUyMG5vJTIwc2VjdG9yJTBBaW1vYmlsaWFyaW8lMjBuYSUyMEZsb3JpZGE="]Did you like the article? Keep an eye on our blog! Looking to live or invest in real estate in Florida? See the list of houses for sale in Florida we've selected for you!
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