Tuesday, November 24, 2009

3rd Quarter GDP Growth Revised Down From 3.5% to 2.8%

The 3rd quarter GDP growth was less then first thought. The previous number of 3.5% has been revised down to 2.8%.


"The economy grew at a 2.8 percent pace last quarter, as the recovery got off to a slower start than first thought.

The Commerce Department's new reading on gross domestic product wasn't as energetic as the 3.5 percent growth rate for the July-September period estimated just a month ago.

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