In an article published by the Associated Press Dec. 22, 2009, the United States economy improved 2.2 perecnt in the 3rd Quarter. Although analyses of the 4th Quarter have yet to be determined (to be released Jan 29, 2010), economists suspect companies stocking depleted inventories will assist in 4th Quarter growth.
In a statement released by the Federal Open Market Committee, economic activity, including household spending, had improved in the latter part of 2009 and the declining job market was beginning to turn around. The statement added that the financial markets have also become “more supportive of growth.”
This is positive news for our move into 2010. Hopefully the economy and consumer confidence will both continue to rise throughout the next year.