Abasto Magazine

English Bonus Economy Moving Forward Agencies A nalysts foresee that the country's economy will continue to grow in 2014 as long as no more storms arise with new policies. The country's economy will continue its slow but steady recovery in 2014. Judging by the latest economic indicators there has been an increase in the Gross Domestic Product (GDP), a decrease in the unemployment rate, and a slight increase in the consumption of goods by Americans. The U.S. Department of Commerce reported that in the third quarter of 2013 the GDP grew at an astonishing rate of 3.6 percent, much higher than the expected and the best recorded in almost two years. The GDP represents the total revenue for goods and services and is the main indicator of health of an economy. The U.S. government had estimated a GDP of 2.8 percent for the third quarter and most analysts expected a maximum of 3 percent for the period after the 2.5 percent growth recorded in the second quarter. Regarding employment, the Labor Department reported that the unemployment rate fell in November to an unexpected 7 percent, the lowest level in five years, suggesting that the economy may be starting to accelerate after the great recession that took place from 2008 to 2009. Especias auténticas Yucatecas: Achiote (recado rojo) y Bistek (recado verde). 1 (800) 335-6292 50 | | Enero/Febrero 2014 The official report stated that over 203,000 jobs were added in November showing a rising trend for the fourth consecutive month. If the downward trend continues analysts estimate that the unemployment rate could fluctuate between 6.7 and 7.2 percent in 2014. More jobs could translate into higher incomes for families, an increase in consumption and higher profits for businesses. According to the latest report from the Commerce Department consumption grew slightly in the month of October. According to the report, consumer spending grew 0.3 percent in October after rising 0.2 % in September, the same amount as most analysts expected. The data becomes more important if one considers that consumption accounts for about 70% of the economic activity in the United States. Consumer personal income fell to 0.1 percent in October, the first lowest since January. It should be noted also that prices rose 0.7 percent in the last twelve months, the smallest increase since October 2009. The total consumer credit rose to 18.2 million in October now standing at a total of 3.08 trillion as reported by the U.S. Federal Reserve. Reuters noted that consumer credit increased by 14.5 million in October and noted that many economists felt this increase was a positive sign for the economy. Venda cacahuates mexicanos reconocidos mundialmente! Llame al 1 (830) 714-4745 Abastoonline.com

• Cover