London: More bricks in the global recovery wall are likely to slot into place in a week that could also yield more clues as to when the Federal Reserve will start unwinding its exceptional monetary stimulus.

Updated gross domestic product figures are usually brushed aside as backward-looking.

said

Economists polled by Reuters reckon GDP expanded at a 2.2 percent clip between April and June, up from an initial estimate of 1.7 percent thanks to a bigger contribution from net exports.

The U.S. economy is far from firing on all cylinders. But last week home sales for July jumped to a three-year high and the four-week moving average for new jobless claims fell to the lowest level in nearly six years.









nitesh kumar pgdm 1st