View full page at forexfactory.com

 

We’ve seen this movie before: Economy set for spring surge after first-quarter slumber

From marketwatch.com

The U.S. economy is like the weather forecaster played by Bill Murray In the 1990s movie “Groundhog Day”: It’s caught in a time loop in which the same pattern keeps repeating itself. The same script is being followed in early 2017. Over the past several years, the economy has usually started out slowly in the first quarter, only to see a frantic burst of growth in the spring. The government last week reported that gross domestic product rose just 0.7% from January to March, marking the worst quarterly performance in three years. Yet economists predict the U.S. will speed up to 3% in the second quarter than runs from ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News