From the perspective of economic growth, lower gasoline prices is not enough to effect of the government to shut down.
A mount of Inventory accumulation speed is too fast to help the economy in the third quarter to 2.8% month-on-month annualized growth rate, but this business inventories in the first quarter is expected to decline.
In October at the same time, economists estimate that the part of federal government stopped for 16 days, it will led to make the fourth quarter gross domestic product (GDP) growth rate up to 0.6% .
All in all, economists predict even with gasoline prices fell the favorable conditions, the last three months of this year’s GDP growth rate less than 2%.
October crude oil output exceeded imports in the United States, This the first time since 1995. If this trend continues, gasoline prices to rise in the summer, usually could still remain low.
Goldman sachs is expected next year, the U.S. economy’s growth rate between 3-3.5%.
Lower gasoline prices can improve household net worth value, reducing the negative impact of the tax increase in 2013 and is likely to make wage growth modest improvement, but, we can also go further and look forward to spending activity will be accelerated.