US Economy growing faster in the fourth quarter
According to a U. S. Government report, the U. S. economy is maintaining its pace slightly faster than expected, during the last three months of 2009.
The Commerce Department displayed the results that the country has accounted for its gross domestic product, at an annual rate of 5.9% in the quarter. However there is some revision which would depict 5.7% growth, originally reported a month ago.
This is sign that the U. S. economy has resurged from the hardest hit of the economic downturn since the depression trailed in the global economy. Some economists acknowledge that the recession has ended somewhere in the last summer.
Although the economy closed at a strong note in 2009 but that wasn't enough to square off for the massive declines in the first half of the year.
But to support the economy, the Federal Reserve Bank must keep its interest rates on a lower note as the recovery is perceived as fragile.
The fourth quarter GDP surge looks great but is still vague, as the private-sector job crafting is still required to sustain this recovery.