FINANCIAL TIMES: The US economic recovery is speeding up, with consumption growing at its fastest rate in five years during the last quarter of 2010.
The overall economy grew at a seasonally adjusted, annualised rate of 3.2 per cent in the fourth quarter, with personal consumption up 4.4 per cent, according to preliminary figures released by the Bureau of Economic Analysis on Friday…
Although total US growth was slightly below market expectations of a 3.5 per cent rise, a robust increase in consumption, exports and investment raised hopes that the private sector will be able to lead a sustained expansion in 2011… (more)
