U.s. economy enters sweet spot, China lags

Filed under: AM Roundup |

The United States could again become the world’s economic engine, as Europe slides into recession and China’s growth slows, reports Bloomberg News.

An improving job market, easier credit and rising stock prices are fueling the American recovery  – lifting consumer confidence and spending.

Economists say the nation is in a “self-reinforcing cycle.”

Read more at Bloomberg News.