half years: Marketwatch reported: The U.S. economy grew in the third quarter at the fastest pace in two and a half years, aided by a surge in exports and a rebound in the size of inventories companies keep on hand for sale, according to MSNBC. The government said gross domestic product, the official scorecard for the economy, expanded at a 2.9% annual clip from July through September. If so, they probably won't be pleased this morning. That a marked improvement from the first half of the year when the U.S. grew just barely over 1%. The full report from the Commerce Department is online here. Bad news on the GDP front might have given Republicans some rhetorical ammunition as Election Day draws closer. There are concerns, of course, that the positive news on economic growth may encourage the Federal Reserve to raise interest rates, but in the short term, there are more immediate electoral considerations.
(news.financializer.com). As
reported in the news.
Tagged under half years, economy topics.