Good news for Britain in US recovery

The Republicans are sick 'as sick as parrots'. It's not due to the awful quality of their Presidential candidates but the recovery of the US economy.

Unemployment is at last coming down and the likely cause is Obama's last stimulus package - something that the Republicans opposed at every turn.

The good thing for Britain and the EU is that the falling US unemployment means that demand and output are picking up in the large US market. The recovery has been long delayed by the poor performance of both the US and EU economies and the strong growth in America will certainly boost British exports and so growth.

There are two points to consider here are:
* The world is far more interdependent than ever before. So the performance on one large trading area impacts on all the others to a greater extent than previously.
* The change in the US has been brought about by fiscal and monetary boosts. What are the lessons for Europe in this? Will the growth spurt last? What are the long term consequences for the US of more debt?

The Independent report the US figures here