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Transcripts For WHYY Nightly Business Report 20140704

Showing the economy contracted nearly 3 in the first quarter. But then slowly the economy seems to be finding its footing again. So does that mean were on track for stronger growth in the second half . Steve liesman takes a look. Here is what to watch for in the economy in the second half. The best guess is that the economy and jobs will both strengthen. Is not so much because of any positives, but the lack of negative ones. Most economists see 2014 as a year where the headwinds that have held back growth are easing up. The political high jinks that hobbled the economy last year like the fight to the death over the budget resulting in the Government Shutdown seems to have been resolved at least for now. Job growth hurt by a severe winter look to be picking up. Europe seems to be clawing its way back, at least no longer negative. The big challenge weve been maintaining 200,000 plus job growth monthly and how the economy will react as the Federal Reserve gradually draws down its stimulus

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