Source: CNNMoney.com
by: Hibah Yousuf
NEW YORK (CNNMoney.com) -- The U.S. economy grew at a slightly faster pace during the third quarter than previously estimated, driven by an increase in business investment, the government said Wednesday.
Gross domestic product, the broadest measure of the nation's economic activity, grew at an annual rate of 2.6% in the three months ended in September, according to the Commerce Department, up from the previous reading of a 2.5% rise.
Economists expected the third reading of third quarter GDP, which is a measure of goods and services produced in the United States, to tick up to 2.7%, according to a consensus of economist opinion from Briefing.com.
The government calculates GDP as a measure of goods and services produced in the United States. The number is often revised multiple times. This is the final reading for the quarter........................................... .........................
Much more with more links and graphs and charts:
http://money.cnn.com/2010/12/22/news...y/gdp/?iid=MPM
We'll get completely out this recession sooner than forecast. This is GREAT news.
Happy Christmas and Merry New Year!!!!!!!!
Psychoblues