December 14, 2017
Friday, October 26, 2012

US economy grows 2%

The US Commerce Department announced today gross domestic product expanded at a 2.0 percent annual rate, accelerating from the second quarter's 1.3 percent pace.

The report comes a little more than a week before the election in which President Barack Obama is trying to fend off Republican challenger Mitt Romney.

Consumer spending, which accounts for about 70 percent of US economic activity, grew at a 2 percent rate after increasing 1.5 percent in the prior period.
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Tags:  US  GDP  economy  growth  

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Edition No. 5055 - This publication is a property of NEFIR S.A. -RNPI Nº 5343955 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA - Director Perdiodístico: Ricardo Daloia