us economy

  1. 832 Posts.
    8:30am 11/25/03
    U.S. Q3 GDP revised to 8.2%, fastest in 20 years By Rex Nutting
    WASHINGTON (CBS.MW) -- Fueled by massive stimulus from Washington, the U.S. economy burst out of its doldrums in the third quarter, growing at an 8.2 percent annual rate, the Commerce Department reported Tuesday. It was the fastest growth in nearly 20 years. Real gross domestic product growth was originally estimated at 7.2 percent; economists expected a revision to about 7.7 percent. Real final sales, which exclude the effects of inventories, rose 8 percent, the largest increase in 25 years. Consumer spending increased 6.4 percent. With corporate profits up 30 percent in the past year, business investments grew 14 percent. Inflation remained very low:
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.