Economy

Demeter

(85,373 posts)

10. US growth revised down for third quarter

Fri Dec 23, 2011, 07:15 AM

Dec 2011

The US economy grew at a slower rate than initially thought in the third quarter after personal spending was less than expected, according to the final gross domestic product reading for the period.

The economy expanded at a rate of 1.8 per cent, the US Department of Commerce said on Thursday. The economy grew by 1.3 per cent in the second quarter.

The downward revision was mainly attributed to lower personal consumption spending.

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http://link.ft.com/r/NA70KK/MSHYWU/HI3M9/HY9CZ3/WTAGMI/YT/t?a1=2011&a2=12&a3=22

HO HO HO!

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Me, too! Tansy_Gold Dec 2011 #48

indeed -- it has the BEST ending -- nt xchrom Dec 2011 #49

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