Finance expert Mike Periu on a spike in the U.S. Economy and how it is likely to decline in coming quarters.
The Gross Domestic Product of the U.S. grew at 2.7 percent during the 3rd quarter, the highest return this year. GDP is the best and broadest measure of economic conditions. The U.S. economy growth was primarily due to three factors: government spending, inventory purchases from companies and exports. While this is good news, there are serious concerns that the reasons for this growth are not sustainable and we will therefore see the current quarter and upcoming quarters underperform. Hurricane Sandy has lead to a significant disruption in business operations, will which impact growth this quarter. Uncertainty over the fiscal cliff has lead many businesses to cutback on spending, and weakness in foreign markets may hurt exports.
Who is Mike Periu?
Mike Periu is the President of Proximo, LLC, a company that markets education and training programs to small business owners, entrepreneurs and consumers.
Mike Periu has been interviewed over 500 times for broadcasters including CNN, NBC TVE, RTE and others. Mike is a contributing author to OpenForum, Yahoo! Finanzas and the Huffington Post.
Mike graduated from Georgetown University in Washington, DC. His degrees are in Finance and International Business. In addition to his work Mike is also on the Board of the Council for Economic Education.
Learn more about Mike Periu
Mike works with small businesses to teach them about finance and management. He started Proximo, LLC, a company that offers small business education and training services focused on finance and technology.
Periu also writes for OpenForum, Yahoo! Finanzas the Huffington Post contributor.
Mike went to Georgetown University where he studied Finance and International Business. He also serves on the Board of the Council for Economic Education and was a Fellow at the Kauffman Foundation.
