Friday, January 28, 2011

Is Your Recession Over?



According to preliminary estimates from the Bureau of Economic Analysis, American economic growth continued to accelerate as expected in the fourth quarter of 2010. Real GDP expanded at a 3.2% annual pace, up from 2.6% in the third quarter and the fastest pace since the first three months of the year. This was the sixth consecutive monthly expansion, and it pushed the American economy above an important psychological threshold: real output is finally above the pre-recession peak. Overall the statistics show that there have also been small improvements within our region (Volusia and Flagler Counties). How is your personal economy? Is your recession over?

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