CCTV.com - CNTV English - CCTV News

US economy to expand 3.3% in 2011

03-01-2011 12:30 BJT

Watch Video

Play Video

U.S. economy is expected to grow faster than previously estimated. A survey by the U.S. National Association for Business Economics says this will be achieved as demand from consumers, businesses and other countries pick up.

The association says the U.S. economy will grow 3.3 percent year-on-year in 2011, up from the previous prediction of 2.6 percent last November. With respect to inflation, economists expected the consumer price index, excluding food and energy costs, to increase by only 1.2 percent in 2011.

Because of persistently high unemployment and low inflation, the Association pushed back its forecast for the Fed's first increase in its benchmark interest rate to the first quarter of 2012.

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program