Economy USA

The state of the U.S. economy improves more than expected

Washington – The U.S. economy is improving faster than economists had expected, which now expect growth and hiring slightly stronger than they planned two months ago – two factors that could promote the reelection of President Barack Obama later this year.

As part of a survey conducted last month by the Associated Press, the leading economists have believed that the unemployment rate would slip from its current level of 8.3% compared to 8% by the presidential election on Nov. 6. In December, they had predicted a rate of 8.4%. Economists also expect that by the end of 2013, the unemployment rate fall to 7.4%, compared to their previous prediction of 7.8%, according to the results of opinion poll of AP .

Steady progress

The U.S. economy grew consistently for months. Industrial production rose in January from the month before its strongest growth in five years. Auto sales are skyrocketing. Consumer confidence has never been so high in one year. Even the real estate sector, hit hard by the economic downturn, is beginning to show signs of recovery.

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