FINANCIAL TIMES: The US economy roared ahead with annualised growth of 4 per cent in the second quarter, confirming that weakness early this year was an aberration and the recovery is back on track.
Growth easily beat expectations of 3.1 per cent, with the strength of the rebound demonstrating that robust jobs data in recent months was not a fluke, and the world’s largest economy is picking up speed…
It suggests voters will go to the polls for congressional elections in November against an economic backdrop that is no longer bad enough to cripple President Barack Obama’s Democrats, but still not good enough for them to get much credit either… (more)
