Chant Vartanian: Increase in new home sales indicating a boom in the US economy
Inspired by a recent report which revealed an increase of 7.3 percent of home sales in the US, some economic forecasters are keeping their fingers crossed for a prosperous future of the US economy. The figure for home sales in the US climbed up from 301,000 in March, 2011 to 323,000 in April, which is actually a growth of 7.3 percent within a month.
Although it is a fact that there are certain threats ahead of the world economy at present, yet Chant Vartanian is hopeful that the United States is well prepared to deal with them. It is expected that the US economy will develop by 2.9% in 2011 and by 3% in 2012. At present, there are steady growths in export business, consumer goods market, business tools market and several other sectors. Moreover, the growth in new home sales is clear indication of the fact that the US economy is gearing up towards a right direction.
Chant Vartanian thinks that America with all its resources, political power and innovative strategies can tackle any kind of economic recession and they already proved that several times in the past. Recently the US private sectors have started working neck and neck with the government agencies to help in the growth of US economy, so that new jobs, new industries and new opportunities can hit the country in near future.
The intelligent, energetic and innovative manpower of America is always considered as the biggest strength for the country, says Chant Vartanian. He along with several other economic analysts believes that the revival economic boom in the US is just a matter of few more months.
Processing your request, Please wait....
