A weaker US dollar makes a stronger US economy. In "Weaker dollar boosts US manufacturing," the Associated Press reported growth in the manufacturing sector from April to May after a slump from October through February. The culprit for the slump? "A strong dollar that made U.S. products more expensive in foreign markets. The dollar has fallen against other major currencies since the end of January, giving factories some relief."
Looking to a better job market and consumers' ability to spend more as an indicator, economists "expect the growth rate to rise to perhaps 2.5 percent in the second quarter."
Looking to a better job market and consumers' ability to spend more as an indicator, economists "expect the growth rate to rise to perhaps 2.5 percent in the second quarter."
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