US Economy Grows Less Than Expected.

The Latest official GDP figures released in the US show that the economy failed to reach the expectations forecast by numerous economists.

Figures show that GDP in the US for Q1 reached 2.5%, which whilst a vast improvement on the 0.4% achieved in Q4 2012 was still below the 3% many predicted.

As with Eurozone countries the US is currently juggling the burden of spending cuts and an increase in taxes in order to rebuff the financial superpowers economy.

The agricultural industry is one of the areas which have seen a resurgence following a damaging drought in Summer 2012, which led to limited crop output.