Economic Insights – December 2014
As we reach the end of 2014, the economy has recovered from the terrible first quarter and continues to strengthen.
Real GDP in the third quarter grew at a 3.9 percent annual rate, revised upward from a prior estimate of 3.5. The best news was that real business investment, excluding inventories, grew at a 5.5 percent annual rate and was up 6.7 percent from a year earlier.
Some pessimistic analysts point out that the trend in real GDP growth remained weak, up just 2.3 percent from a year earlier and up the same 2.3 percent rate .....