Third quarter growth fastest in four years
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The U.S. economy expanded at its fastest rate in four years during the third quarter, the government confirmed on Thursday, though it has slowed sharply since and is expected to keep doing so in 2008.
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The results surpassed Wall Street's expectations in both sales and profit, with fourth-quarter earnings reaching $3 billion for the first time in the company's history.
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The economy sprinted ahead at its fastest pace in four years during the summer, although it is expected to limp through the final three months of this year as the housing and credit debacles weigh on individuals and businesses alike.
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The UK economy expanded at its fastest clip in three years in the third quarter, driven by services.
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Robust business investment helped push U.S. second-quarter growth ahead at an upwardly revised 4 percent annual rate, the government reported on Thursday, the fastest pace since early last year but one that is unlikely to be sustained.
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The US economy grew more quickly than previously thought in the three months to June, official figures suggest.
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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 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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Robust consumer spending on cars, furniture and food helped the U.S. economy advance faster than first thought in the third quarter, a government report showed, while underlying inflation was the tamest in decades.
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The US economy grew at a 4 percent annual rate from July through September, faster than previously estimated, according to government figures that suggest the expansion may continue at a similar pace into 2005.
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The U.S. economy grew at an annual  rate of 4 percent in the second quarter, as strong business  investment led the fastest pace of expansion since early last  year, the government reported on Thursday.
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SINGAPORE: Singapore&#39;s economy slowed in the third quarter but still recorded growth of 7.7 percent year-on-year. After posting its fastest quarterly expansion in 10 years in the three months to June, a slowdown
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Manufacturing growth accelerated in June to its fastest in over a year as the economy picked up momentum, according to a report published on Monday.
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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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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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The U.S. economy grew slightly faster than previously estimated in the first quarter, but still at the weakest pace in more than four years and inflation was higher as well, data on Thursday showed.
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(90 sec.) U.S. Q4 growth surprisingly strong at 3.5%; Fed seen keeping rates high; Time Warner gets lift from cable.