Higher petrol prices don’t seem to dampen US growth.

I like this graphic from the Wall Street Journal which shows that rising fuel prices haven’t affected the US economy like it did last year. The forecast if for rising GDP growth and a continued fall in unemployment. Interesting to note that consumer sentiment is up 4.4% with this recent rise in fuel prices compared toa drop of 4.7% in late 2011/early 2012. No doubt this is good news for Obama’s election campaign.

Leave a Reply

Your email address will not be published. Required fields are marked *