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United States

Capital City: Washington
%T:%M %A in New York and Washington DC
GDP growth rate in 2005 was not as important as in 2004 : GDP growth rate was 4.4% in 2004 and 3.5 in 2005. The IMF forecasts a growth by 3.3% in 2006. The expansionist monetary policy, implemented as from 2001, stimulated households consumption by relying on tax cuts and interest rates lowering. Furthermore, companies investment is strongly hardening. Labour market is improving, job creations have been moving ahead since 2003 and 2005's unemployment rate was 5.1% (6% in 2003). Despite these good results, national deficits keep on growing: in 2006, the budget deficit should exceed 390 billion dollars and the external deficit should be more than 750 billion dollars. Australia currently has to face several challenges : the hydrocarbure's price increase and the weak dollar should modify the domestic consumption. Moreover, the United-States have change their pension plan.

The United States emerge as a world leader in numerous activity sectors. American agriculture, which only represents 1% of GDP, provides 60% of the world's production and benefits from huge subsidies. Soya, corn, wheat and citrus fruits are the main crops. Natural resources are very diversified: The United States are among the top world's producers of coal, oil and gas, metals, and hydraulic energy. However, energetic dependence is important, given that the country represents the largest energetic consumer market in the world. The United States generate more than 20% of world-wide GDP. The country's three richest states are California, New-York State and Texas.

The USA achieve 30% of their external trade with NAFTA countries (North American Free Trade Agreement) and 20% with the European Union. In 2005, the free trade agreement signed between the USA with Jordan and Morocco came into force.
USA's three top export partners are Canada, Mexico and Japan. Its three top import partners are Canada, China and Mexico. The United States mainly import equipment goods, manufactured products, hydrocarbons and chemicals.
The Country is strongly increasing imports from countries with a very low production cost, such as China, becoming its third largest trade partner. Bilateral deficits with China, Japan, Canada, Mexico and Germany are the first registered.

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