Worthy Christian News » US News » U.S. third-quarter GDP growth revised up to 2.1%


U.S. third-quarter GDP growth revised up to 2.1%

Thursday, November 28, 2019 | Tag Cloud Tags: , , ,

(Worthy News) - U.S. economic growth picked up slightly in the third quarter, rather than slowing as initially reported, amid a stronger pace of inventory accumulation and a less steep decline in business investment.

Gross domestic product increased at a 2.1% annualized rate, the Commerce Department said in its second estimate of third-quarter GDP on Wednesday. That was up from the 1.9% pace estimated last month.

The economy grew at a 2.0% pace in the April-June period. Economists polled by Reuters had forecast third-quarter GDP growth would be unrevised at 1.9%. [ Source: Reuters (Read More...) ]

Let your Friends know! Be sure to SHARE!

FacebookTwitterWhatsAppBufferLinkedInPin ItEmail a Friend
Copyright 1999-2019 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News » US News » U.S. third-quarter GDP growth revised up to 2.1%

Latest Worthy News

Worthy Christian News » US News » U.S. third-quarter GDP growth revised up to 2.1%