NEW YORK (MainStreet) -- Amid a host of geopolitical issues across the Middle East and Russia and worries the Eurozone is entering a deflationary period, the United States remains the most attractive investment for investors.
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The Commerce Department on Thursday said the gross domestic product, the broadest measure of economic activity, rose at an annualized 3.5% during third quarter. This was after a 4.6% expansion during the second quarter and a decline of 2.1% during the first quarter, on the heels of unusually cold weather. Given the roller coaster trend lines when it comes to GDP in 2014, all eyes are on the fourth quarter to see if the economy will be strong enough to push the growth rate for the year above 2%.
"Given the expected strengthening economic activity in the U.S. in the second half of the year, we continue to expect to finish just above 2% growth for all of 2014," said Fannie Mae Chief Economist Doug Duncan.
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