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US economic growth rate quickens (BBC)

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eppur_se_muova Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-29-10 03:39 PM
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US economic growth rate quickens (BBC)
The US economy grew at an annualised rate of 2% in the July-to-September period, an acceleration on the previous quarter, official figures have shown.

The expansion came despite continuing high unemployment and weakness in the housing market.

The 2% figure is an improvement on the upwardly revised 1.7% increase between April and June, but less than the 3.7% growth recorded from January to March.

The Federal Reserve suggested last week it would do more to boost the economy.

To do this, the Fed - the US central bank - is expected to announce next month that it will resume quantitative easing - injecting fresh money into the economy through the purchase of government bonds.
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more: http://www.bbc.co.uk/news/business-11652821
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