US Q3 GDP +2.0%, BETTER THAN EXPECTED,
OUTPACING UK (+1.0) AND EUROZONE (+0.2)
With yet a further sign that the US economy is on the mend, today's better
than expected growth of 2.0% of the nation's GDP validates the course of the Obama
Administration. The 3rd Quarter result also beats
the growth rate of 1.3% in the 2nd Quarter. Encouraging is the fact that the
growth was fuelled broadly based, with home construction, consumer spending and
car sales leading the way, more than offsetting the negative effects from the
drought in wide parts of the US.
This also bolsters my argument that Britain should continue to decouple
from the stagnant European economies and intensify economic ties with North
America.
No comments:
Post a Comment