US economy grew 'faster-than-thought' (BBC)

eppur_se_muova

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Tue Nov-23-10 10:14 AM
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US economy grew 'faster-than-thought' (BBC)

The US economy grew at a faster pace than initially thought, figures show.

The economy grew at an annualised rate of 2.5% in the July-to-September period, up from an earlier estimate of 2%, the Commerce Department said.

Earlier this month, the US Federal Reserve said it would pump $600bn (£373bn) into the economy to try to boost the economic recovery.

Stronger spending by US shoppers, particularly on cars and "big ticket" items, contributed to the upgrade.

A rise in exports also helped boost growth.
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more: http://www.bbc.co.uk/news/business-11822802

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