Sunday, May 2, 2010

Economy grows for third straight quarter

This is a good article talking about the continued GDP growth in Q1 2010. While it was lower than the previous quarters 5.6% and lower than expectations, it showed promise in the rise of consumer spending from growth of 1.6% in the previous quarter to 3.6% in this quarter, which is obviously a pretty good sign. It also pointed out the rise in federal spending, but the greater decrease in state and local government spending.

1 comment:

  1. Great article. This is another positive sign for the economy.

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