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LONDON Men's Air Jordan 6 All-Star Black Metallic Silver Black Shoes Australia , Aug. 1 (Xinhua) -- The British economy has received a boost from the birth of the royal baby, Prince George of Cambridge, economists said here Thursday.


The first take on British GDP in the second quarter of 2013 released last week showed a 0.6 percent rise, beating the expectations of most economists and causing revisions upwards in annual GDP expectations.


It is a coincidence that the royal baby Prince George of Cambridge was born just two days before those figures, but the happiness at the birth has certainly contributed to a feelgood factor which is boosting confidence that has gathered force over the past five months.


James Knightley, senior global economist with ING Men's Air Jordan Jumpman Pro Mid Ray Allen Shoes Black Clover White Australia , told Xinhua, ""I think in terms of this feelgood factor the royal birth has helped generate it.""


Exceptional sunny weather and a run of sporting success at Wimbledon for tennis player Andy Murray, victory over the Australians for the England team in cricket and rugby, and a Tour de France victory for cyclist Chris Froome have also helped boost an already swelling confidence among consumers, whose increased spending could play a vital part in a return to full-out economic growth.


""We have had some great weather as well with warm sunny weather encouraging people to go outside and spend money in restaurants and bars and clothes shopping as well. And also sporting success to cheer on again making people feel happier,"" said Knightley.


He added Men's Air Jordan Jumpman Pro Mid CYBER MONDAY Australia , ""We are starting to see it being generated in consumer confidence reports, in business confidence reports as well. So if people are going to be more inclined to spend that is going to really generate growth in the UK economy.""


The British economy has been the second worst performer since 2008 among the developed nations of the G7, with only Italy taking longer to resume growth.


Despite encouraging figures this year, the British economy is still 3.3 percent smaller than at its pre-2008 recession peak.


However, the two quarters of consecutive growth since January have seen accelerating growth.


""We have also had some good economic data, and the press are reflecting that too; so Air Jordan 11 Win Like 96 Shoes Gym Red Australia , if people become more relaxed and inclined to spend then that does follow in higher expenditure and that does generate the growth in the UK economy,"" Knightley said.


The actual economic effect of the royal birth is, however, very modest.


According to Knightley, ""in terms of direct spending I think it is going to be quite small. You may get commemorative memorabilia which will do quite well, but the actual direct effect on the broad economy is going to be quite small.""


The royal birth has been the third royal event in three years to get global coverage Men's Air Jordan 13 Retro Low Pure Platinum White Shoes Australia , following the wedding of Prince William and Kate Middleton in 2011 and the Diamond Jubilee of Queen Elizabeth II in 2012.


All these events have had some positive effect, said Knightley, because they ""help people to remember the UK, and they have a positive vibe.""


They have put British economy in the spotlight and boosted tourism.


""Seeing all these events, the royal pageantry and so on, it does generate interest in the UK economy; coupled with the effects of the summer Olympics last year it is a boost. It is a boom time for tourism Men's Air Jordan 13 Low Chutney Shoes Black White Australia , which brings money in and allows greater spending to come through in the UK economy,"" Knightley said.

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WASHINGTON, Feb. 11 (Xinhua) -- In her first testimony to the Congress, U.S. Federal Reserve Chair Janet Yellen reiterated central bank's plan to taper its stimulus exit despite recent weakness in the economy.


The current economic situation and outlook, as well as the monetary policy, were the main focus of the hearing held twice a year.


Yellen told lawmakers she expected "a great deal of continuity" in the central bank's monetary policy Air Jordan 11 Retro Win Like 82 Midnight Navy Australia , saying that she served on the Fed policy-setting committee as the bank formulated its current policy strategy and she strongly supported that strategy.


Yellen, 67, took the oath of office to lead the Federal Reserve System on Feb. 3, succeeding Ben Bernanke, who stepped down after eight turbulent years. She was previously the Fed's vice Chair.


In the public debut in her new role, Yellen said while the economy gained steam at the end of 2013 Air Jordan 11 GS Heiress Velvet Night Maroon Burgundy Shoes Australia , recovery in the U.S. labor market was "far from complete," underscoring the importance of considering more than just the unemployment rate when evaluating the conditions of the labor market.


Her point of keeping an eye on wider range of labor indicators is particularly important as the unemployment rate, now at 6.6 percent, is near the 6.5 percent threshold the Fed once identified as the level that would need to be reached before officials would consider a hike in the interest rates.


"If coming information broadly supports the Committee's expectation of ongoing improvement in labor market conditions and inflation moving back toward its long-run objective, the Committee will likely reduce the pace of asset purchases in further measured steps at future meetings," Yellen indicated steady pullback in Fed stimulus Grade School's Air Jordan 11 Retro Triple Black Shoes Australia , referring to the Federal Open Market Committee, which sets monetary policy.


While admitting she was "surprised" by the two recent jobs reports that showed the pace of job creation running under what she had expected, Yellen cautioned against jumping to conclusions of the longer trend. She told the Congress that the Fed needs to see a "notable change" in the economic outlook to consider pausing its withdrawal of stimulus.


The Fed trimmed its monthly purchases of Treasury and mortgage- backed securities by a total of 10 billion dollars in both December and January, citing strengthening economy and continued improvement in the labor market.


The Fed policymakers have suggested they would continue to reduce the bond buying, which now totals 65 billion dollars a month, at a similar pace at each Fed me. Wholesale Jerseys China Wholesale Jerseys Free Shippping Wholesale Baseball Jerseys Wholesale Soccer Jerseys Wholesale NHL Jerseys Cheap Wholesale Basketball Jerseys From China Cheap Jerseys China Cheap College Football Jerseys Cheap Nike NFL Jerseys Cheap Basketball Jerseys