July 30, 2014
GREAT NEWS! US economy grows by 4% beating expectations.
Er, except for this: “From January to March, the US economy shrank a revised 2.1% on an annualised basis as a result of harsh winter weather. However even with the rebound, the winter is likely to mean overall growth this year will be only 1.6% – less than in 2013.” How did the economy do in 1993, the year of the Great Blizzard?