Amid talk of U.S. economic decline, it is important to remember that the country has demonstrated extraordinary resilience. The U.S. experiences a recession or sharp downturn once a decade, but invariably the economy recovers and the country comes back.
Once again, the U.S. economy is posting red-hot growth rates, outpacing the forecasts and confounding experts who see a country that has lost its vitality.
According to revised figures from the Department of Commerce, the U.S. economy expanded at an annual rate of 4.6 percent in the second quarter of 2014 (April to June), considerably larger than the previous estimate of 4.2 percent.