Subscribe Register Login

Saturday, December 20, 2014, 10:49 p.m.
Top Picks - Capture Arkansas

U.S. economy grew at strong 4 percent rate in spring

By The Associated Press

This article was published July 30, 2014 at 8:43 a.m.

WASHINGTON — After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing at a fast 4 percent annual rate on the strength of higher consumer and business spending.

The rebound reported Wednesday by the Commerce Department followed a sharp 2.1 percent annualized drop in economic activity in the January-March quarter. That figure was revised up from a previous estimate of a 2.9 percent drop. But it was still the biggest contraction since early 2009 in the depths of the Great Recession.

Last quarter's bounce-back was broad-based, with consumers, businesses, the housing industry and state and local governments all combining to fuel growth. The robust expansion will reinforce analysts' view that the economy's momentum is extending into the second half of the year, when they forecast an annual growth rate of around 3 percent.

The second quarter's 4 percent growth in the gross domestic product — the economy's total output of goods and services — was the best showing since a 4.5 percent increase in July-September quarter of 2013.

Read tomorrow's Arkansas Democrat-Gazette for full details.

Comments on: U.S. economy grew at strong 4 percent rate in spring

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

Displaying 1 - 6 of 6 total comments

KCSAP says... July 30, 2014 at 9:08 a.m.

More mumbo-jumbo numbers from the liar and chief. This will be revised down like all initial reports.

( | suggest removal )

3rdWorldState says... July 30, 2014 at 9:40 a.m.

KCSAP you must be an internet troll. Almost all numbers are revised up, not down. And these numbers are not generated from the President or his office. You obviously, from this comment and all your others, have no idea what you are talking about.
Sad you would want these numbers to be bad. You're a true American. But dont worry, this Russia deal will slow our economy and that should cheer you up some.

( | suggest removal )

FreeSpiritMan says... July 30, 2014 at 10:03 a.m.

3rdWorldState ..... no one can be as ignorant as kcsap, and it's not his ignorance that's showing in his comment but his intolerance of the president and any facts that would make his policies look good to the general public. If you go back and look at all of the right wing talking points over the past 6 years, when numbers and stats look bad, the wing nuts say that is because of Obama's policies not working, but, when they get better, they say the administration is cooking the books. They know that people with common sense will see through this tactic, but it sure gets their 28% to 35% base fired up and they are all ready to sign up for Sara Palin's channel. But, that percentage will not win National elections in 2016 and they know it.

( | suggest removal )

Packman says... July 30, 2014 at 10:33 a.m.

Thank God for sequestration (and low interest rates)!

( | suggest removal )

Populist says... July 30, 2014 at 10:56 a.m.

Thank God that Obama restored stability in the markets and consumer confidence.

( | suggest removal )

djigoo says... July 30, 2014 at 8:51 p.m.

Wow, KCSAP. You really want America to fail, don't you?

I think that's pretty sick.

( | suggest removal )

  • page
  • 1
Click here to make a comment

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.


  • Mt

    We have recently added more Physicians to our staff so we no...

  • Carpenter- now hiring for cdi

    carpenter-Now hiring for CDI Contractors LLC. Pay based on e...

  • Phlebotomist

    phlebotomistimagine a career where the professional rewards ...

  • Intake counselor/specialist

    vantage point of northwest arkansas Is seeking qualified app...

  • Cdl- a

    awesome opportunities!!!Relays 5 days out2 days homeLocal ru...

Search 812 jobs >

Top Picks - Capture Arkansas
Arkansas Online