Top Reasons Why the U.S economy is Growing

Aug. 28, 2014 - PRLog -- The United States economy picked up in the second quarter with more force than was initially estimated, according to a review of the Gross Domestic Product released Thursday period.


According to the Department of Commerce, the American GDP expanded at an annualized pace of 4.2% instead of 4.0% as it was previously calculated, reflecting upward revisions to business investment and exports.

Economists expected a downward revision, at a rate of 3.9 percent.

This rise is mainly explained by the positive contribution from personal consumption, investments in business inventories, exports, and residential fixed investment and government spending at the state and local level.


Domestic demand increased by 3.1 percent instead of 2.8 percent previously declared. It was the fastest metric growth since the second quarter of 2010, suggesting that the recovery is sustainable after production fell in the first quarter due to the effect of... Read More by clicking on the following link

http://abastomedia.com/en/u-s-economy-grows-expected/

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Is that simple.