us-news

US GDP grows 4.1 % in third quarter

Washington, Dec. 21 : The US gross domestic product reportedly grew at a 4.1 percent rate during the third quarter, despite the government shutdown.


According to a new data released by the Commerce Department, the GDP rate has been the best showing since 1992.

According to the Washington Post, the nation's economic output in the Q3 has been significantly stronger than the initial estimate of a 2.8 percent annual growth rate.

The data also pointed to improvements in consumer spending and exports that lifted many economists' outlook for the final months of the year.

The statistics suggest that the federal government shutdown did not stop businesses from hiring or prevent consumers from pulling out their wallets.

However, Boston Fed President Eric S. Rosengren has said that he would like more evidence that the economy is on track to expand 3 percent next year, the report added.

--ANI (Posted on 21-12-2013)

us-news headlines

New York Police ends spying on Muslims

US Treasury declines to name China as currency manipulator

Ron Somers quits as head of US-India business body

US Airways tweets obscene pic in reply to 'disgruntled' passenger's complaint

US Airways tweets porn image, apologises

Rockets finally take down Spurs

US varsity to connect Indian researchers to the world

Corporate America committed to long-term investment in India

Miss America Nina Davuluri to join White House Easter Egg Roll

Corruption issue to resonate among Indians in the elections: Gallup poll

Pentagon says Russian jet flies near US warship

American women forgoing motherhood for pooches: Study

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014

Comments

Your e-mail:


Your Full Name:


Type verification image:
verification image, type it in the box

Message:

Back to Top