Finishing the year strong
from Greenhouse Product News
The economy rebounded at a 4.2 percent pace in the second quarter of 2014 after contracting 2.1 percent in the first. The 4.2 percent growth reflected growing personal consumption, private inventory investment, exports, both residential and nonresidential fixed investment, as well as local government spending. The gains were partially offset by an increase in imports, which negatively impacts GDP, and a 0.9 percent decline in federal government expenditures. Prospects for the second half of the year are better.
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