The Traderszone Network

Published in TZ Latest News 29 July, 2014 by The TZ Newswire Staff

Economy seen regaining muscle in second quarter

U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year. Gross domestic product likely grew at a 3.0 percent annual rate after shrinking at a 2.9 percent pace in the first quarter, according to a Reuters survey of economists. “I don’t think the contraction we saw in the first quarter is reflective of what’s truly going on in the economy,” said Gus Faucher, senior economist at PNC Financial Services Group in Pittsburgh.

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