Friday, January 29, 2010

Largest Economic Growth in Six Years!

According to the numbers the Bureau of Economic Analysis released, the economy just had a period of the largest growth in about six years. The economy grew by and annualized rate of 5.7% , apposed to the average 2.2%. And while this sounds good, the GDP shrank by 2.4% over the 2009 year. The growth is encouraging, but as White House economist Christina Romer said:
"It is important not to read too much into a single report, positive or negative,"
The road to economic recovery will not be a smooth line, there will be bumps, small pockets of large growth, and probably some relapses; just because it is growing, does not mean we are in the clear.

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