Divergence and Convergence

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Saturday, January 30, 2010

U.S. economy grows at fastest rate in 6 years


The U.S. economy grew at a breakneck rate of 5.7 percent at the end of 2009, the government said Friday, providing the strongest evidence yet that the nation will avoid a dip back into recession.

The growth spurt in gross domestic product, the broadest measure of economic activity, was the largest in six years. But economists cautioned that such a pace will probably not persist and that the economy will grow at a more measured rate in the coming months.


"We can now say that this is a sustainable recovery," said John Silvia, chief economist at Wells Fargo. "It's certainly not a boom, but it is a slow, steady recovery."
Clear Mind Politics at 1/30/2010 12:12:00 PM

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