Home > Growth, Unemployment > Higher petrol prices don’t seem to dampen US growth.

Higher petrol prices don’t seem to dampen US growth.

I like this graphic from the Wall Street Journal which shows that rising fuel prices haven’t affected the US economy like it did last year. The forecast if for rising GDP growth and a continued fall in unemployment. Interesting to note that consumer sentiment is up 4.4% with this recent rise in fuel prices compared toa drop of 4.7% in late 2011/early 2012. No doubt this is good news for Obama’s election campaign.

Advertisements
Categories: Growth, Unemployment Tags:
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: