US GDP growth figures falls short of predictions, raises tensions for economic recovery


  Economic growth in US got back into some speed lately in the first quarter, but it was not as expected. This elevated tensions as an already weakening economy is showing positive signals to cope-up with deep government spending cuts and higher taxes. The Gross domestic product figures expanded at a 2.5 percent annual rate,Continue reading “US GDP growth figures falls short of predictions, raises tensions for economic recovery”

Moody’s chief economist calls Sandy storm as one of the most economically damaging in US history


Chief economist at Moody’s, Mark Zandi has termed the Superstorm Sandy as to be most economically wrecking in US history. The bill assigned to the destruction in US caused by Sandy is an astounding US$50Bn. Katrina, 9/11 and Hurricane Andrew are the only other disasters to have taken place in the past that caused economicContinue reading “Moody’s chief economist calls Sandy storm as one of the most economically damaging in US history”