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Economic growth stronger than previously thought

Goobieman

Goobieman

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By JEANNINE AVERSA
AP Economics Writer
WASHINGTON (AP) -- The economy sprang out of a year-end rut and zipped ahead in the opening quarter of this year at a 5.6 percent pace, the fastest in 2 1/2 years and even stronger than previously thought.

The new snapshot of gross domestic product for the January-to-March period exceeded the 5.3 percent growth rate estimated a month ago, the Commerce Department reported Thursday. The upgraded reading - based on more complete information - matched economists' forecasts.

The stronger GDP figure mostly reflected an improvement in the country's trade deficit, which was much less of a drag than previously estimated.
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http://hosted.ap.org/dynamic/storie...ME&TEMPLATE=DEFAULT&CTIME=2006-06-29-08-45-40
 
Wow. NO comment from the left.
 
Goobieman said:
Wow. NO comment from the left.
Click to expand...

Is there some point being made that would justify a response?
 
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