Paring Back That Recovery
{ Posted on Nov 24 2009 by Economics - Today's Popular Articles at http://www.inveslogic.com }
The recovery wasn t as strong as earlier believed. 3Q GDP rose at a 2.8% annual rate, after falling 0.7% in the 2Q. (A month ago, the government estimated 3Q GDP rose by an annual 3.5%) Economists expected a revision of 2.7%. The DP data showed 3Q ...
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