Monday 26 December 2011

Economy ends tough 2011 on a surprising upswing

WASHINGTON — The economy is ending 2011 on a roll.
The job market is healthier. Americans spent lustily on holiday gifts. A long-awaited turnaround for the depressed housing industry appears to be under way. Gas is cheaper. Factories are busier. Stocks are higher.
Not bad for an economy faced with a debt crisis in Europe and, as recently as this summer, scattered predictions of a second recession at home. Instead, the economy has grown faster each quarter this year, and the last three months should be the best.

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