Author Topic: U.S. Economy Experiencing Growth  (Read 657 times)

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U.S. Economy Experiencing Growth
« on: October 29, 2009, 10:53:40 PM »
The US economy grew at an annual pace of 3.5% between July and September, its first expansion in more than a year.

The growth was helped by a substantial government spending plan, including a scrappage scheme to boost car sales.

The official figures indicate recession has ended, but some economists think there could be further setbacks.

The White House said it was "a welcome milestone", but stressed it would be some time before the economy made a full recovery.

Compared with the previous three months, the US economy grew by 0.9%. In the same period, and on the same measure, the UK economy unexpectedly stayed in recession after it shrank by 0.4%. - BBC

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