Survey with Promising Results for the Future
While still many Americans are feeling a bit uncertain about the future, a new study shows that job creators and those who monitor their activity are feeling much more confident.
The Detroit News is reporting today that a new survey indicates that economic growth is expected to accelerate in the second quarter of the year and that consumer spending will also show an uptick.
According to a group of 47 business economists, trade associations and academia, growth for the rest of 2014 should be significant enough for the Federal Reserve to end its bond purchase program. The say the numbers should jump 3.5% for the second quarter with an overall increase of 3% for the year..
That, they say, means more will be out spending money. While the news is good for the generation of revenue for businesses in the 3-month period, growth for the full year will be lower than previously expected. They site the harsh winter for the 1% decline in the first quarter of the year.
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