USA back to Growth

The US economy is, as predicted, back to growth.  In the latest published quarterly results, the GDP there grew an annualised 3.5 per cent.  This growth was better than expected and share markets reacted well – both the Dow Jones and FTSE 100 jumped up.

The USA has had a rollercoaster year – the first quarter GDP sharply contracing by a whopping 6.4 per cent, while unemployment rose and consumers panicked about the steady decline.

Now things are heading back to better times and President Obama says that the “recession is abating”.



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