Business statistic Article Example | Topics and Well Written Essays - 250 words

Business statistic - Article ExampleThe political unrest in the Middle East, the earthquake in Japan, and the weak housing market are whatever of the factors that contributed to the decline in economic growth during the first quarter. Coming from a 3.1% growth in fourth quarter of 2010, the first quarter growth crop of gross domestic product declined at 2.7%. Economists, however, maintain a positive outlook on economic recovery.The unemployment rate which currently stands at 8.8% is predicted to fall to 8.3% on December 2011. This decline in unemployment is attributed to the 200,000 jobs which economists believe will be offered by the government next year. More jobs extend purchasing power thats wherefore consumer prices are also expected to rise at the end of 2011. Economists predict the inflation rate to register at 2.8% by year-end. The price per barrel of oil, in addition, is estimated to fall under 100 dollars.Interest rate, meanwhile, is forecasted to increase by the end of 2011. Economists point to decreasing unemployment rate and increasing inflation rate as factors that would credibly cause the Federal Reserve to increase interest