tailieunhanh - Recent U.S. Economic Growth In Charts

The governments of Finland and Korea both have demonstrated during past downturns that bold innovation policy initiatives can accelerate structural changes which face high obstacles in normal times (Box 1). Such initiatives require proper framework conditions and a coherent crisis strategy. Anti-crisis policy measures can provide built-in incentives to innovate Clearly, innovation will be one of the keys to emerging from the downturn and putting countries back on a path to sustainable – and smarter – growth. Many governments have incorporated measures to strengthen innovation in their stimulus packages, and can also take action to improve their long-term potential for. | Recent . Economic Growth In Charts GROWTH SINCE 2009 I The Growth Story Since 2009 Despite the worst financial crisis since the Great Depression and a series of shocks in its aftermath the economy has gradually strengthened since mid-2009 though more work remains. Real quarterly GDP growth 2008 Q4 2010 Q3 2010 Q4 2011 Q1 2011 Q4 2012 Q1 2011 Q3 2011 Q2 Japanese earthquake tsunami Debt limit Apr. 15 2011 Government shutdown narrowly averted Aug. 2 2011 Debt limit deal reached High oil prices High oil prices Early May 2010 Cost of borrowing spikes across Europe Euro falls to four-year low against the dollar Feb. 2011 Egyptian President steps down Libyan conflict begins President Obama ratchets up sanctions on Libya Oil prices pass 90 barrel Oct. 2010 Greece Ireland Portugal bond spreads widen Aug. 2011 Oil prices fall below 90 barrel European debt crisis Jul. 2011 Greek Irish and Portuguese spreads spike Oct. 2011 Oil prices pass 90 barrel Oct. 28 2011 Italian 10y bond yields close above 6 percent remain near or above that level through late Jan. 2012 2008 09 financial crisis Source Bureau of Economic Analysis Wall Street Journal. . DEPARTMENT OF THE TREASURY GROWTH SINCE 2009 2 The Components of Growth Since 2009 . economic growth has been led by consumption private sector investment and exports. Percentage point contribution to real quarterly GDP growth by component 10 1 5 -5 -10 Personal consumption expenditures Gross private domestic investment Exports Imports Government consumption and gross investment -o-Total GDP growth Cumulative contributions to growth since 2009 Q2 0 -15 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2008 2009 2010 2011 2012 Source Bureau of Economic Analysis. . DEPARTMENT OF THE .