Forex Blog

January 29, 2010

US Economy Grows 5.7% in 4th Quarter

The US economy grew 5.7 percent in the fourth quarter last year as measured by the Gross Domestic Product (GDP). This is the fastest quarterly growth in six years.

“Business are now feeling confident enough to deploy a larger portion of the recent strong corporate earnings rebound into new investment spending,” Brian Bethune, chief financial economist at IHS Global Insight in Lexington, Massachusetts, said before the report was released. “This is a key development to support a strong, non-inflationary recovery.”

Source: Bloomberg

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