Economic Update: A Rosier Economic Picture

SP Capital IQ  |

S&P's Deputy Chief Economist Beth Ann Bovino notes, in keeping with a holiday filled with romance, the picture of the U.S. economic outlook got rosier this week.

The private sector appeared willing and able to spend and invest in the fourth quarter, businesses kept hiring, and the much stronger than expected December trade and construction spending reports that were released after the GDP report had improved the overall economic picture even more.

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