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Saturday, December 20, 2014, 10:49 p.m.
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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.

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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.

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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.

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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.

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

Thank God for sequestration (and low interest rates)!

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

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

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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.

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