|
27 Jan, 2012 - US economy picks up with biggest growth in 18 months
US economy picks up with biggest growth in 18 months
The US economy, the world's largest, has seen a pick-up in growth at the fastest pace in 18 months in the 3 months to December, according to new figures from the US Commerce Department.
The American economy grew at an annualised rate of 2.8%, compared to 1.8% in the previous quarter, boosted by more goods-stockpiling by businesses.
Meanwhile, US Fed officials said this week that they are concerned about the economy's growth pace, 2 years after the recession ended, thus prompting a pledge to keep interest rates low into 2014. The improvement in the job market has yet to translate into gains in wages to spur household spending which accounts for about 70% of the economy, they said.
If you are looking for investment products that can give you positive returns even in a flat market, speak to a deVere Financial Adviser today.
|