On January 03, 2013
| Categories: Market Commentary
, U.S. Economy
The latest update on the growth in the economy stood at 3.1% for the third quarter
of 2012. This was significant considering the first quarter was at 2.00% and
1.3% for the second quarter. While the number was significant, it also fell into a
period when worry and concern dominated the headlines. The election results
caught some investors off guard, but they soon got their sea legs and the economy
has seemed to have continued its rise toward year end. Since the end of the
recession, June 2009, the average Gross Domestic Product (GDP) growth rate is
2.1%. While this is below historical recoveries, we believe it is not unexpected
considering the length of the last recession and global headwinds from Europe,
China, Japan and the Emerging Markets.
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