America’s economy: Better than it looks

Posted: June 11, 2015 in economy
Tags: , ,

UK Only Article: 
standard article

Issue: 

Watch out

Fly Title: 

America’s economy

Rubric: 

America’s disappointing economy is more robust than it first appears. But higher interest rates are on the horizon, and could bring unexpected risks

Main image: 

20150613_FBD001_0.jpg

ONE of the ways in which America’s economy leads the world has been, of late, an unrivalled capacity for sending mixed messages. The past six months provide a case in point. The year opened with things looking pretty good: strong growth in late 2014 had led the IMF to project that GDP would rise by 3.1% in 2015; the Congressional Budget Office, America’s fiscal watchdog, expected a 3.4% expansion. In March and April, though, bad news built up, and in May official numbers confirmed that tumbling investment and exports meant that over the first quarter GDP had actually been falling at an annualised rate of 0.7%.
Then the good news came back. In early June data from the Bureau of Labour Statistics (BLS) showed hourly pay rising at …<div class="og_rss_groups"></div>

via Economic Crisis http://ift.tt/1JHyX5i

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s