Economy Speeds Up In First Quarter

According to last week’s report from the Commerce Department, the economy is speeding up, and output has expanded to an annualized pace of 2.5%, compared to an annual growth pace of 0.45% in late 2012. Consumer spending, exports, business spending, and residential investments have also increased in the first quarter of 2013. Although the economy is showing positive growth, experts are still on-edge about employment rates and durable goods orders that have yet to show major improvement. More here

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