Annualised US GDP growth grew at its quickest rate for 11 years after revised data from the Bureau of Economic Analysis showed the economy expanded by 5 per cent in the third quarter of 2014.An astonishing rate. Faster consumption growth has led to upgrades in third and final quarter estimates for GDP growth by over 1% and according to market participants Capital Economics the outlook “remains rosy” going into 2015.
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Oil stocks hit hard in year end sell off
Oil stocks hit hard in year end sell off