US economy ended 2011 at a healthy pace
The final quarter of 2011 finally showed economic growth for the United States. The Fed contributes this growth to consumer spending. However, in the first part of 2012, we have not met the Fed's expected growth of 2 percent. They look into reasons which may attribute to growth and whether or not we will meet their marks by the end of the year.
2 comments:
The relatively higher growth rate in the last quarter of 2011 could be associated to the holiday season when people are willing to spend more.
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