Business Highlights: US growth rate upgraded; GM says it can handle...
112.00 US$
Published date: July 10, 2024
- Location: 90-734, Maryborough, Appenzell Ausserrhoden, France
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US economic growth for last quarter is revised up to a 5.2% annual rate
WASHINGTON (AP) - Shrugging off higher interest rates, America´s consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government said in an upgrade from its previous estimate. The government had previously estimated that the economy grew at a 4.9% annual rate last quarter. In the current fourth quarter, though, economists say growth is likely slowing sharply from the cumulative effects of higher borrowing rates on consumer and business spending. TD Economics, for example, expects growth in the October-December period to come in at a 1.8% annual rate.
If you have virtually any questions about wherever in addition to how you can employ Family, you possibly can call us at our internet site.
US economic growth for last quarter is revised up to a 5.2% annual rate
WASHINGTON (AP) - Shrugging off higher interest rates, America´s consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government said in an upgrade from its previous estimate. The government had previously estimated that the economy grew at a 4.9% annual rate last quarter. In the current fourth quarter, though, economists say growth is likely slowing sharply from the cumulative effects of higher borrowing rates on consumer and business spending. TD Economics, for example, expects growth in the October-December period to come in at a 1.8% annual rate.
If you have virtually any questions about wherever in addition to how you can employ Family, you possibly can call us at our internet site.
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