EconomyÂs Growth Stronger Than Initial Estimate
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Economists said the report was a welcome sign at a time of significant uncertainty.
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The U.S. economy grew at a slightly  stronger rate than thought in the third quarter because imports  were not as hefty as first estimated, the Commerce Department  said on Wednesday, though corporate profits weakened.
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German Gross Domestic Product grew unexpectedly strongly in the second half of last year.
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On Tuesday, the Organization for Economic Cooperation and Development (OECD) lifted its forecasts for the world largest economiesâ growth.
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Exports help raise Q4 GDP to a stronger-than-expected 3.5%
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The economy revved up its engine in the third quarter and advanced at an annual rate of 4 percent --  even faster than previously thought.
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WASHINGTON: The US economy grew at a slightly stronger rate than thought in the third quarter because imports were not as hefty as first estimated, the Commerce Department said on Wednesday, though corporate profits weakened.
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The pace of new job creation accelerates sharply in the US, reinforcing hopes that the economy is strengthening.
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The economy is much stronger than the government reports, plus stocks are in short supply.
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WASHINGTON -- The economy grew at its strongest pace in more than a year during the spring as solid improvements in international trade and business investment helped offset weakness in housing.
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The countryâs gross domestic product (GDP) rose 6.2 percent in the second quarter of the year, while gross national product (GNP) went up by 5.7 percent despite the rising world oil prices.
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Chinaâs second quarter growth exceeded forecasts, but the economy faces rising food prices, high energy consumption and a large trade imbalance.
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A closely watched measure of future economic activity rose for a second consecutive month in December, pointing to sustained, gradual growth.
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The Philippine economy continued to grow robustly in the third quarter despite rising consumer prices, with the gross domestic product expanding by 6.3 per cent from a year ago
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WASHINGTON -- The economy grew at a 2.9 percent annual rate in the spring _ better than first estimated but nowhere near the brisk pace logged in the winter, another sign of slowing business growth. Inflation marched higher.
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U.S. economic growth picked up in the fourth quarter, according to a government report Wednesday that showed an economy stronger than expected for the last three months of hte year.
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The national economy grew at a solid rate in the last three months, boosted by a rebound in consumer spending and another strong quarter of business investment, the Commerce Department reported yesterday.