Don’t hold your breath for a rampant US recovery

The US economy grew by 2.8% in the last three months of 2011. So are things looking up for the USA or is it a false dawn? Phil Oakley examines the data.

The US economy grew by 2.8% in the last three months of 2011. That was a little worse than expected, but still an improvement on the 1.8% seen in the third quarter.

So are things looking up for the US? Or is it a false dawn? Let's have a look at the data...

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.