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Strong 2nd-quarter growth puts recovery back on track

Strong 2nd-quarter growth puts recovery back on track

The U.S. economy’s better-than-expected expansion in the second quarter fueled optimism that growth was back on an upward trajectory, allaying fears that the recovery might have been derailed during a sharp winter slowdown.

“An inflection point in the economy may have been reached,” said Sung Won Sohn, an economist at Cal State Channel Islands. “Finally, it looks like the economy is on a sustained growth path.

Read more: http://www.latimes.com/business/la-fi-gdp-second-quarter-economy-20140730-story.html#

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