reporter Liu Jie

xinhuanet.com Washington on 29 May, (reporter Liu Jie) the Pedersen Institute for International Economics American think-tank, senior fellow at the David · Stockton 29 accept Xinhua News Agency reporter when the interview said, weak first quarter performance is American economic recovery have encountered on the road "Wen Hecuo fold", American economy always more toughness than the Fed expects. cheap mlb jerseys

The first cheapjerseys.us correction data

America 29 Ministry of Commerce announced America display, real GDP in the first quarter (GDP) an annualised fall of 1%, less than 0.1% from earlier estimates of growth, but also lower than the previous quarter 2.6% growth. America economy since 2009 June after the end of recession only cheap nba jerseys once the negative growth, the first quarter of 2011 decreased by 1.3% in GDP.

is a former chief economist at the Federal Reserve American said Stockton, cold weather is mainly caused by a quarter of economic contraction. The construction industry the impact is particularly evident, enterprises reduce inventory investment, which proves that the second half of last year growth stock is not sustainable.

He pointed out that

, a series of recent data showed that GDP could significantly rebound in the two quarter, personal spending, building construction and capital investment are showing signs of stabilizing. But he also pointed out, the real estate market is cheap jerseys a concern in economic recovery. An important point as before the economic recovery, the real estate market need in the future have better improvement.

A recent meeting of

fed the Federal Open Market Committee, a considerable part of participants that, once the economy improves the support rates rise rhythm than previously expected to be fast, the committee is necessary to more clearly explain the response actions may be made to the market.

this, Stockton thinks, USA economy always than more toughness fed expected, if the economic recovery was cheap nfl jerseys faster than expected, and inflation rose significantly, which will lead to faster rates. But he thought that the possibility of the emergence of this situation is relatively small, the Fed will continue to be cautious pace from the loose monetary policy.