Discuss... The economys 2.7 percent growth the past 12 months actually isnt the fastest of the recovery, but it is the best. You can see that if we strip out the volatile inventory and net export numbers to get something that goes by the catchy name of final sales to domestic purchasers. It shows us the economys underlying strength in terms of consumer spending, government spending, and private investment. Basically, how much of todays growth we can expect to continue tomorrow. Its also grown 2.7 percent the past year, a post-crisis high. Most of thats due to stronger consumers, who thanks to the combination of lower unemployment and less debt, are finally in decent enough financial shape to start spending a little bit more. And thats only going to continue now that job growth is picking up, and plummeting gas prices are taking money out of the pump and putting it in peoples pockets.
Posted on: Wed, 24 Dec 2014 01:04:05 +0000
Trending Topics
Recently Viewed Topics
© 2015