LinkBack URL
About LinkBackshttp://biz.yahoo.com/ap/080430/economy.html?.v=4
US Economy grew at 0.6% in Quarter to March.
http://biz.yahoo.com/ap/080430/economy.html?.v=4
US Economy grew at 0.6% in Quarter to March.
Considering the widely held belief (around here at least) that the US economy was already contracting, that is good news.
Hmmm... I'd be skeptical of this figure. I remember reading in the Economist how the US almost always reduces their estimate of GDP growth a few weeks after releasing it.
"Who will bailout the IMF after FF is finished with them?"
They have also stated growth at 2% when it was 3.5% so can be just as wrong either way.Originally Posted by seabhcan
Potentially very good news for us all.
It is still a bit early to say if the economy will weather the crisis in the housing market, down turn in confidence, credit restrictions and the damage done to banking. If we can proceed through to until the winter without anything major happening I for one will be delighted. That said the dollar is low, their interest rates are low and in many ways the problems are being put forward in time. The next President of the United States is going to have 4 lean years and will need some very good financial advice. 4 years spent putting public and private finances in order would be time well spent. Bush has been an unmitigated disaster.
This will disaapoint some of the doomsayers on these boards who seem to relish the opportunity to wallow in economic stagnation and bad news.
I have to say I am surprised that it is only the same as Q4 07.
Reply With Quote