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Postby rxz123 » Fri Dec 07, 2018 10:54 am

WASHINGTON Cleveland Indians Jersey , July 28 (Xinhua) -- The U.S. economy grew at an annual rate of 2.6 percent in the second quarter of the year, higher than the revised 1.2 percent in the previous quarter, according to the first estimate released by the Commerce Department on Friday.

"The acceleration in real GDP (gross domestic product) growth in the second quarter reflected a smaller decrease in private inventory investment, an acceleration in PCE (personal consumption expenditures), and an upturn in federal government spending," the Commerce Department said.

Personal consumption expenditures Anthony DeSclafani Jersey , which account for about two-thirds of the U.S. economy, increased at an annual rate of 2.8 percent in the second quarter of the year. That was an acceleration from the 1.9 percent pace in the first quarter.

Driven by a surge in federal defense spending, the government expenditures grew at a rate of 0.7 percent in the second quarter, compared with a contraction of 0.6 percent in the first quarter.

While inventory investment slightly subtracted 0.02 percentage point from economic growth in the second quarter, trade added 0.18 percentage point to the growth in the quarter, according to the Commerce Department.

Nonresidential fixed investment Joey Votto Jersey , a measure of corporate spending on structures and equipment, climbed at a pace of 5.2 percent in the second quarter, down from a 7.2 percent growth rate in the previous quarter.

The latest GDP data confirmed that the U.S. economy is on track to deliver a 2 percent growth rate this year. "It's a 2 percent economy, plus or minus a little bit," said Michael Feroli, chief U.S. economist at JP Morgan.

The International Monetary Fund (IMF) also said on Thursday that it expected the U.S. economy to grow at 2.1 percent this year and next Billy Hamilton Jersey , supported by solid consumption growth and a rebound in investment.

The IMF believed the Trump administration is unlikely to accelerate annual U.S. economic growth to sustained 3 percent from the newly revised 1.5 percent in 2016, "even with an ideal constellation of pro-growth policies."

"The international experience and U.S. history would suggest that a sustained acceleration in annual growth of more than 1 percentage point is unlikely," the IMF said.

LAHTI, Finland, Feb. 20 (Xinhua) -- "So exciting! Wonderful! Great news!" Sarah Lewis, Secretary General of the International Ski Federation (FIS) Scooter Gennett Jersey , acclaimed when she referred to the surprise medals won by Chinese athletes at the ongoing Winter Youth Olympic Games in Lillehammer, Norway.

The breakthroughs made by Chinese young athletes in cross country skiing and biathlon, disciplines traditionally dominated by western players, were a reflection of the Chinese efforts to upgrade the snow sport level to greet the Winter Olympic Games 2022 to be held in Beijing.

"This is going to stimulate more interest," Lewis said in an interview with Xinhua when she attended a pre-world championship event in Lahti, central Finland on Friday.

She said the many winter sport associations from all over the world will be keen to support and help the emerging Chinese teams.


"Things are starting Barry Larkin Jersey ," said Lewis.

Besides the preparation work to ensure the venues in place and structures in perfect conditions, a key factor to make a major event like the Winter Olympics successful is to have wonderful native athletes performing, Lewis noted.

This will attract more spectators, arouse a great interest in the media, and thus create better atmosphere and promote the culture of winter sports.

But China has to accomplish it from scratch.

While having achieved good results in ice skating, Chinese athletes have rarely shown strength in disciplines such as cross country skiing Joe Morgan Jersey , alpine skiing, snowboarding or biathlon.

Lower level competitions had been organized throughout the country for years before things started to accelerate. "Freestyle events are carried out every year at the Bird's Nest ... some snowboarding events also. There is experience in China, but not in all the different events."

"Now it is progressing to the level of the Far East Cup or the Continental Cup, which is underneath the World Cup," Lewis saw it as a positive sign in building up experience.


After 16-year-old Zhu Zhenyu won a gold medal in biathlon mix relay on Wednesday, he called for more participants in skiing.

Lewis echoed the Chinese medalist Johnny Bench Jersey , saying that it is also the Federation's goal to encourage more people taking part in the snow sports.

On Jan. 17, Lewis attended a ceremony in China celebrating the fourth World Snow Day and opened the children's snow festival in the country. This year's Snow Day was said to be the most successful ever, with 645 events held in 45 countries and estimated 600,000 people participating.

"You could see how much fun they were having, how much pleasure they were enjoying," Lewis recalled the event in Hebei Cincinnati Reds Jersey , China. The festival was carried out simultaneously in some 20 ski areas all over China.

The Chinese government has planned to have 300 million new participants by the year 2022. "This is a tremendous goal, which means there will be a lot of work done from now until 2022," noted Lewis.

China, with its huge population and big desire to develop winter sports, can be a blessing for the world too.

"It is a great thing for the sport to have a new nation like China very active in winter sports," said Lewis. She said it will be a good message for the ski industry and also for ski areas all over the world.

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