The U.S. economy grew at a healthy pace in the second quarter, the government said today, despite being buffeted by a financial crisis, a deep housing slump, high fuel prices and a weak job market. Gross domestic product rose at a 1.9 percent inflation-adjusted annual rate in the April through June period, far above what forecasters would have expected just a few months ago. It was boosted by strong exports resulting from the lower value of the dollar and rising consumer spending by Americans, who benefited from government stimulus checks.
Gross domestic product rose at a 1.9 percent inflation-adjusted annual rate in the April through June period, far above what forecasters would have expected just a few months ago. It was boosted by strong exports resulting from the lower value of the dollar and rising consumer spending by Americans, who benefited from government stimulus checks.
The surge is working!
Just don't say the "R" word with regard to the US, that's all.
Get the good news out first, so if its bad news coming, rather than bringing the picture into focus, it can be covered as "on the one hand, on the other hand". I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
