Good news for us Econ majors and everyone for that matter...
Link to full story
[Excerpt]
Economy Soars 5.8 Percent
Fri Apr 26, 9:14 AM ET
By JEANNINE AVERSA, Associated Press Writer
WASHINGTON (AP)_ The economy, knocked down by last year's recession and terror attacks, rocketed back in the first quarter at an annual growth rate of 5.8 percent.
After limping through the last six quarters, gross domestic product ? the broadest measure of the economy's health ? posted its strongest showing since the final quarter of 1999, the Commerce Department reported Friday.
The latest GDP report reinforced the view that the country not only emerged from a recession that began in March 2001 but that the downturn will probably go down as the mildest in U.S. history.
[/Excerpt]
Link to full story
[Excerpt]
Economy Soars 5.8 Percent
Fri Apr 26, 9:14 AM ET
By JEANNINE AVERSA, Associated Press Writer
WASHINGTON (AP)_ The economy, knocked down by last year's recession and terror attacks, rocketed back in the first quarter at an annual growth rate of 5.8 percent.
After limping through the last six quarters, gross domestic product ? the broadest measure of the economy's health ? posted its strongest showing since the final quarter of 1999, the Commerce Department reported Friday.
The latest GDP report reinforced the view that the country not only emerged from a recession that began in March 2001 but that the downturn will probably go down as the mildest in U.S. history.
[/Excerpt]
Facebook
Twitter