Jon at QandO notes the AFP report on the economic expansion, indicating that we can continue to expect expansion into 2005:

A robust recovery driven by productivity and tax cuts puts the US economy on track for growth of 4.7 percent this year and 3.7 percent next, the OECD reported.

The figure for this year shows a significant 0.5-point increase from the growth being forecast by the OECD six months ago in November when it pencilled in growth of 4.2 percent.

And what gets the credit for this good news?

"The expansion is now firmly established across most sectors of the economy, helped by continued stimulus from fiscal and monetary policies," the OECD reported.

Jon reminds us that our expansion continues despite a lack of growth in the European economy. Read QandO for excellent economic analysis. It's definitely on my daily-read list, for all three bloggers there -- Jon, McQ, and Dale Franks, the newest addition.

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