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[Restorium2]

The U.S. recovery is frustrating — but it’s the envy of the advanced world

In the United States, the story of the economy is a good news, bad news affair. Jobs are coming back, but millions are reluctantly accepting part-time work. Investors are accumulating wealth, but income levels are hardly growing.

But globally, the trajectory of America’s economy is spurring a different reaction: envy. On the heels of a steady six-month jobs expansion, the United States has reemerged as the star of — and perhaps the locomotive for — an otherwise slumping global economy.

In the latest reminder of how America is outpacing much of the developed world, the government said Thursday that the nation's gross domestic product -- the size of its economy -- grew at an annualized rate of 3.5 percent between July and September. That figure came amid growing fears that Europe is sliding into its third recession since 2008. And while the United Kingdom is faring well, too, economists predict that by 2015 the United States will be the rich world's standout economy.

http://www.washingtonpost.com/blogs/wonkblog/wp/2014/10/30/the-u-s-recovery-is-frustrating-but-its-the-envy-of-the-advanced-world/

Edited January 25, 2015 by Restorium2