The world ended the week with a tailspin from S&P downgrade of the triple-A (AAA) rating the US has held for 70 years, saying the budget deal recently brokered in Washington didn’t do enough to address the gloomy long-term picture for America’s finances Standard & Poor’s slammed the nation’s political process and criticizing lawmakers for failing to cut spending enough…
Tag: US GDP
US GDP data – still shows a weak US economic state | Financial Review | US Economy
Last night (29th April 2011), US released their latest US GDP economic data which shows that United States GDP increased at an annual rate of 1.8 percent in the first quarter of 2011. In the fourth quarter, real GDP increased 3.1 percent. The positive contributions came from: – personal consumption expenditures (PCE)– private inventory investment,– exports, and – nonresidential fixed investment The…