TV News LIES

Monday, Sep 15th

Last update08:21:01 AM GMT

You are here News Economy U.S. economy grows at fastest pace in 11 years

U.S. economy grows at fastest pace in 11 years

E-mail Print PDF

US economy growsThe U.S. economy grew at its quickest pace in 11 years in the third quarter, the strongest sign yet that growth has decisively shifted into higher gear.

The Commerce Department on Tuesday revised up its estimate of gross domestic product growth to a 5.0 percent annual pace, citing stronger consumer and business spending than it had previously assumed.

It was the fastest growth pace since the third quarter of 2003. The economy was previously reported to have expanded at a 3.9 percent rate.

GDP growth has now been revised up by a total of 1.5 percentage points since the first estimate was published in October. Big revisions are not unusual as the government does not have full information when it makes its initial estimates.

More...


Most Recent Related Stories...


US inflation rises in August as firms pass Trump tariffs cost on to consumers

Inflation rising as consumers pay tarrifsInflation rose slightly in August as companies continued to push the cost of tariffs on to...

Federal appeals court rejects Trump’s emergency tariffs

US Court of AppealsA federal appeals court on Friday rejected President Trump’s assertion that emergency powers justify his worldwide...

Cracks in the U.S. economy: Job growth slows 75% from a year ago

Jobs report down 75%The U.S. jobs engine is sputtering and looks to be in danger of stalling out.U.S. employers...

Trump Has Resorted To Making Numbers Up — And Experts Say It Should Worry All Of Us

Trump's made up numbersDonald Trump has a simple solution when numbers are telling him something he does not want...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!