Economy Grows at a 3.7 Percent Rate in 3Q
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The US economy grew at a 3.7 percent annual rate in the third quarter - a pace that was slightly better than in the spring but not as strong as many analysts expected.
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The economy grew at a faster than expected annual pace of 3.0 percent during the first quarter of 2007, official data showed on Friday.
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The US economy expanded at an annual rate of 3.7 per cent in the third quarter, which is below expectations. However, the Commerce Department says the rate has been bolstered by healthy consumer spending accompanied by the lowest inflation in decades.
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US Federal Reserve officials are growing more confident about the economic outlook. The economy, which grew at a 3.9 per cent annualised rate in the third quarter and is expanding
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The country's economy expanded by an impressive 0.8 percent in the third quarter of 2007, shrugging off the impact of the global credit crunch, according to official data published Friday.
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India's economy grows by more than 7% in the first quarter of the financial year - the results are better than expected.
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Britain recorded economic growth of 3.1 percent last year, picking up after a rate of 2.9 percent in 2006, according to official data published on Wednesday.
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The Commerce Department Wednesday said its final report, or third reading, on gross domestic product showed the economy expanded at a revised annualized rate of 4.0%.
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The economy expanded by 3.0 percent during the first quarter of 2007 on a 12-month basis, official data showed on Friday.
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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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The economy grew at a 2.9 percent annual rate in the spring &#151; 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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US economic growth picked up in the third quarter, fuelled by strong consumer spending, official figures show.
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WASHINGTON - The U.S. economy grew at an annual rate of 3.3 percent in the spring, the government reported Wednesday...
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WASHINGTON -- The economy snapped out of a sluggish spell and grew at a faster-than-expected 3.5 percent pace in the final quarter of last year as consumers ratcheted up spending despite a painful housing slump.
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The economy grew at an annual rate of 3.7 percent in the summer as a big rebound in auto sales offset weakness from an expanding trade deficit, soaring
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The U.S. economy grew at an annual rate of 3.3 percent in the spring, the government reported Wednesday. That was significantly better than a previous estimate but still the weakest showing in more than a year.
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American interest rates were raised last night by the third quarter-point since the spring, in a move intended as a reassuring signal that the US recovery is on course