BDBoop
Platinum Member
- Banned
- #1
http://www.nytimes.com/2013/12/21/b...n-new-estimate.html?emc=edit_na_20131220&_r=0
That is good news, and I am willing to bet that Congress finally doing their job with the budget will also help us gain lost ground.
WASHINGTON The United States economy grew at a surprisingly robust 4.1 percent annual pace in the third quarter, the Commerce Department said on Friday. It was the strongest advance in nearly two years and only the third time the economy had expanded that quickly from one quarter to the next since 2006.
It is the latest evidence that the generally sluggish recovery is gaining strength, though economists noted that the rate of growth over a longer period remained at a trot, not a gallop a pace of about 2.5 percent a year.
We continue to believe that underlying growth will remain on a moderate trend, said Joshua Shapiro, the chief United States economist at MFR, a consulting firm. The outlook is greatly dependent on the direction of the labor market, and hence the path of wage and salary growth and the ability of consumers to expand spending.
That is good news, and I am willing to bet that Congress finally doing their job with the budget will also help us gain lost ground.