Economics: 2 Good Reasons to think positive about our economic future. Our economy is still the world’s largest. There is reason for good news in the coming year since we are at the so-called “Holiday Shopping Season”. Since the U.S.A. economy is driven by consumerism, we should be able to sustain or build national momentum going into 2012.
Here are 2 excerpts from an article by Paul Davidson
10-25-2011 “Growth picture enjoys uptick”
Paul Davidson, USA Today
“Economists revise 3rd-quarter views”
1. “...The economy grew at a still-modest 2.5% annual pace last quarter, up from their 1.8% projection less than two weeks ago. The brighter picture follows better-than-expected data on retail sales, manufacturing, jobs and business investment.”
2. “That’s not robust, but it beats the anemic expansion of less than 1% the first half of 2011. amid last summer’s debt battle in Congress, the downgrade of the U.S. credit rating and financial turmoil in Europe, many analysts thought the U.S. was on the verge of another downturn.”
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