VitalAccurateThinking

Economy Grows at Fastest Pace in Year

"The economy grew at its strongest pace in more than a year during the spring as solid improvements in international trade and business investment helped offset weakness in housing."

But the growth spurt could be short-lived. There are concerns that the recent turmoil in financial markets, a result of a spreading credit crisis, could seriously dampen economic activity in the second half of this year.

posted by Jim VAT @ 8:40 PM