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Mixed Forecast for Economic Growth

Thursday, August 30, 2012 2:05 pm - by Everest
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Though the US and Global economies are still very much in the doldrums of a creeping post-recession come back, there have been a few nice surprises of late. According to Boomberg Business news, the economy grew faster than anticipated in the second quarter. These gains were mostly reported to be in consumer spending, a statistic that could very well be negatively effected as the global economy continues to slow and domestic gasoline prices rise. Read the full article to get the story on how this growth came to be and the the factors that may cause growth to halt once more.

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