According to the first three quarters of 2023National economyStatistical Report, USAEconomyA year-on-year increase of 25% in the developedEconomyThe body is at the leading level. Compared to countries such as Spain, Japan, Canada, and South Korea, the United StatesEconomic growthHigher rates. Despite the large developments with India, China, Indonesia and MexicoEconomyCompared with the United States, the GDP growth rate of the United States is not advantageous, but with the support of factors such as inflation and exchange rates, the United StatesEconomyThe scale grew significantly to 20 in the first three quarters278 trillion US dollars, in fact, the lead has also expanded. This data broke the gap on the United StatesEconomyThe expectation of a recession has brought people new things to think about.
United StatesEconomy's strong performance is not accidental. First, U.S. residents still have abundant assets and strong spending power. As of June of this year, U.S. resident families and non-profit organizationsDeposit balanceUp to 17786 trillion US dollars, with a per capita deposit of up to 5$110,000. These funds can flow into the consumer market at any time and become a pullEconomic growthimportant dynamics. In addition, U.S. residents have accumulated about $430 billion in excess savings during the pandemic, which is expected to continue to play a role in the next two to three quarters, further supporting the vitality of consumption.
Secondly, AmericanInvestmentsOutstanding performance. Residential includedInvestments, equipmentInvestments, intellectual propertyInvestmentsand inventoryInvestmentsetc., contributing 1. to the GDP of the United States82 percentage points, ranking second largest supporting factor. From Obama toTrumpand then to the current Biden**, the United States ** are actively promoting the "return of manufacturing to the United States", emphasizing consolidationChainSafety, will be more than oneEmerging industriesIntegration into national development planning. These initiatives bringInvestmentsThe amplification effect has become supportiveNational economyAn important engine for development. In addition, the U.S. foreign trade deficit is narrowing, and the trend of inflation is also fallingEconomyDevelopment has had a positive impact.
With the pandemic raging around the world, many institutions have been in the United StatesEconomywill fall into recession. However, according toU.S. Department of CommercePublished statistical results for the United StatesEconomyExceeded expectations many times and successfully avoided it".Hard landing". The first of the year.
In the first and second quartersYear-over-year growth raterespectively 19% and 25%, and in the third quarter, it reached 28%, with an annualized growth rate of 52%。It can be said that in a world of worriesEconomyForeground in the voice of the United StatesEconomyIt has shown strong recovery momentum.
So why the United StatesEconomyCan we successfully avoid a recession?In addition to the aforementioned consumption support of residents' abundant assets and high savingsInvestmentsEnlarged to bringEconomic growthThere are other reasons for concern. First of all, the United States has made a number of policy adjustments and innovations, such as promoting environmental protection and increasing the number of pairsEmerging industriesand so on. These initiatives help to improveEconomyThe ability to resist risks and competitiveness, for:EconomyRecovery is guaranteed.
Secondly,U.S. Department of CommerceRevised "United StatesEconomybase year prices in the accounting process". This adjustment led to the United StatesEconomyThe scale has been further strengthenedEconomystrength. In addition,InflationRightEconomic growthThe positive impact is also a factor that cannot be ignored. With the price of **, the willingness of consumers to consume and the enterpriseInvestmentsWillpower is stimulated, and thus pushedEconomyfurther development.
A look back at the world in recent yearsEconomyAll countries are facing different degrees of difficulties and challenges. And the United StatesEconomyThe fact that we have successfully avoided a recession makes me wonder why and what it takes.
First of all, it is a country with abundant assets and strong spending powerEconomyAn important support for development. High deposits and excess savings of U.S. resident households, for:Economic growthProvides a solid foundation. It also reminds us that in:National economyIn the process of development, it is crucial to pay attention to the accumulation of wealth and the cultivation of consumption power of residents.
Secondly,InvestmentsThe role cannot be ignored. The United States** has been committed to promotingIndustrial upgradingwithInvestmentsExpand, forNational economyDevelopment has injected a steady stream of momentum. This illustratesInvestmentsForEconomyThe pulling effect is irreplaceable and should be increasedInvestmentsSupport and guidance, for:EconomySustained growth provides a strong guarantee.
Finally, policy adjustment and innovation pairsEconomyDevelopment has played an important role in driving the development. The United States in environmental protectionEmerging industriesA series of policy adjustments have been made in areas such as development, which has helped to improveEconomyresilience and competitiveness. This provides a model for other countries to respond by innovating and adapting policiesEconomyThe Challenge.
To sum up, the United StatesEconomyThe reason for the success in avoiding a recession is not accidental, but a combination of factors. Residents with abundant assets and strong spending powerInvestmentsThe continuous expansion, policy adjustment and innovation are all for the United StatesEconomyProvides strong support. This has brought us some enlightenment, that is, we should pay attention to the accumulation of residents' wealth and the cultivation of consumption capacity, and increase itInvestmentssupport and guidance, while actively carrying out policy adjustments and innovations to improveEconomyresilience and competitiveness.