Economic Growth in 2004: The Best in 5 Years!

The U.S. economy expanded at the fastest rate in five years in 2004. Growth was spurred by strong consumer spending as well as solid corporate investment. 2004 GDP was pegged by the Commerce Department at 4.4%, up from 3% in 2003. Capital spending by U.S. businesses shot up by 10.3%, close to levels attained in the booming late 1990’s. Inflation news in 2004 was encouraging as well. The index for personal consumption rose a relatively benign 2.2% after rising 1.9% in 2003. The economy in Las Vegas is the best it’s ever been. The nation as a whole is moving forward strongly. Las Vegas homes are an excellent investment all the way around. MS Las Vegas Real Estate is at your service.

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