"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.
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:
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