Tag: U.S. growth

US fourth-quarter growth cut down to 2.4 percent

US fourth-quarter growth cut down to 2.4 percent

| February 28, 2014

Courtesy of Reuters: The U.S. government slashed its estimate for fourth-quarter growth as consumer spending and exports were less robust than initially thought, leaving the economy on a more sustainable path of modest expansion. Gross domestic product expanded at a 2.4 percent annual rate, the Commerce Department said on Friday. That was down sharply from […]

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US Growth Surges as Claims Drop Sharply

US Growth Surges as Claims Drop Sharply

| December 5, 2013

Courtesy of Reuters: The U.S. economy grew faster than initially estimated in the third quarter as businesses aggressively accumulated stock, but underlying domestic demand remained sluggish. Separate data showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, a hopeful sign for the labor market recovery. Gross domestic product grew […]

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