- September 2, 2014
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- 125
Ukraine Crisis Hits US and European Markets
US growth rate trend has again towards the positivity and this is good trend for the economy of USA. on the other hand, Eurozone has been facing the serious economic downfall due to Russia and Ukraine crisis. German inflation rate stands at 0.8%, stock mark of Europe is also badly hit by the recent Ukraine and Russian crisis, there have been observed more than 100 cases of unemployment in Germany. US economic rate has seen the tremendous growth rate of 4.2%, this is the first time in the tenure of Obama, when US economy has grew up very faster than ever before, and this is a good for the economy of USA. The commerce department of USA has also Okayed these figures of economic growth in USA, along with this, US department of commerce has said that businesses have expanded, exports have become stronger, and consumers spending have risen by 2.3%. US department of economic growth has said that business investment has spiked by 8.4%, which suggests that US firms may grow firmly and more confident. Commerce department of USA has also predicted the future increase in exports to 10.1% up from 9.5%, which would be a benchmark from the government to its nation.