الخميس، 29 نوفمبر 2012

US growth rate revised up to 2.7%

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The US economy grew at an annualised rate of 2.7% in the third quarter of the year, revised data has suggested.

The figure is significantly higher than the 2% initial estimate that the Commerce Department released just before the presidential elections.

Much of the growth was due to companies rebuilding their inventories, and was not expected to be sustained.

The first estimate itself had beaten analysts expectations, and fuelled the suspicions of some Republicans.

The growth rate for the second quarter was confirmed at 1.3%.

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US growth rate revised up to 2.7% http://news.bbcimg.co.uk/media/images/51606000/jpg/_51606573_fa1d16c0-9c6c-4f82-b0b8-ab66ddd94f78.jpg

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