GDP grew at reported annual rate of 2.1% between July and September – higher than previously claimed but still down from moment quarterThe key degree of the US economy was revised from bleh to meh on Tuesday as businesses restocked goods at a stronger pace than first thought,adding to the likelihood of an historic US rate rise next month.
The overall economy, as measured by the gross domestic product (GDP), and grew at an annual rate of 2.1% in the July-September period,the Commerce Department reported, up from a previously estimated growth of 1.5%. Related: US jobs data smash forecasts and send dollar soaring – as it happened Continue reading...
Source: theguardian.com