Economic growth
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GOP shutdown steps on economic growth - MSNBC

GOP shutdown steps on economic growth - MSNBC | Economic growth | Scoop.it
MSNBC
GOP shutdown steps on economic growth
MSNBC
The U.S. economy grew at a 3.2% annual pace in the fourth quarter, fueled by the biggest rise in consumer spending in three years and a snapback in business investment.
Joe Gibson's insight:

During the fourth quarter of 2013 (October - December), the US economy grew at a 3.2% annual pace. This growth occurred due to;

- the biggest rise in consumer spending for three years

- reduction in business investment

- strong amounts of exports 

 

For the entire calendar year, the US economy grew at just 1.9%, down from 2.8% in 2012. This was largely due to a slow start to the year in the first quarter. 

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UK economic growth figures: what the economists say - The Guardian

UK economic growth figures: what the economists say - The Guardian | Economic growth | Scoop.it
The Guardian
UK economic growth figures: what the economists say
The Guardian
Britain's economy grew at the strongest rate in six years in 2013, as recovery from the longest financial crisis in a century became more established.
Joe Gibson's insight:

In 2013, Britain's annual growth was 1.9%, including a 0.7% quarterly increase in GDP in the fourth quarter of the year. The British economy has not grown at such an impressive rate for six years, largely due to the recession. 

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61% 'think economic growth has only benefited the wealthy'

61% 'think economic growth has only benefited the wealthy' | Economic growth | Scoop.it
As Britain's economy grew to 1.9%, its best annual performance since 2007, an ITV News poll appears to show that 61% of voters think the growth has only benefited the wealthy. 74% also believed the gap between rich and poor is getting bigger.
Joe Gibson's insight:

Results from an ITV news poll show that the majority of voters believe that Britain's recent strongest rate of economic growth for six years has only benefited the wealthy and has done little to help the poor. Results also show that people believe inequality between the rich and poor is also increasing. 

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