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US economy growing at 5.9% in Q4

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Submitted by stockguru on January 31, 2010 - 10:12

While stock market performance so far in 2010 not encouraging, economists continue to suggest that the recession had ended and we are experiencing economic growth. Further evidence in support of this claim arrived Friday in the form of a quarterly growth report from the U.S. Commerce Department.

According to the report, the U.S. economy grew by a rate of 5.9 percent in the fourth quarter of 2009, surpassing the initial forecasts of economists.  That's big surprise compared to expected.

It's also important to recognize that the 5.9 percent Q4 growth was not indicative of the year overall. During 2009, the overall economy shrank by 2.4 percent. The growth experienced during the final quarter was only a minor boost at the end of a year-long slump.

But don't forget that there is a big inventory effect on this ..number. Not all is well yet. Read this one..

http://blogs.wsj.com/economics/2010/01/29/after-the-tape-dont-ignore-the...


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Stockguru has been investing in Indian Stocks since 1990.With an MBA in finance from Pune university and more than 20 years experience in finance industry he is a well respected finance professional.

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