First quarter stats on the Gross Domestic Product showed stagnation. Bill Van Sant, Senior Vice President of Investments at Univest Bank, admits it’s not encouraging but he says there’s other things happening that show positive signs of growth.
“One of the big numbers that came out over the last several weeks in the GDP was basically flat, that wasn’t encouraging yet the markets moved higher. The economic data seems to be mixed. Many economists feel that the second half of the year should provide for a reacceleration of the economy.”
Van Sant, a guest on Comment Please By Univest Thursday afternoon says, wage growth and consumer confidence are among the positive economic signs.