Related
US Q4 growth disappoints, problems seen ahead 27/01/2012 15:31 CET
US economic growth slows 27/04/2012 16:03 CET
European drastic debt diet also needs juice 27/04/2012 17:00 CET
IMF chief says recovery still fragile, some… 03/04/2012 19:15 CET
US Fed cautious over drop in jobless total 26/03/2012 19:37 CET
US GDP growth for the third quarter has been revised slightly down to 2 percent, shaving half a percent off forecasts, but with inventories dropping for the first time since 2009 there are hopes Q4 could see a strong surge in performance as consumer spending remains robust.
Q4 could even see growth at 3 percent plus, which would be the best performance in 18 months and provide an end-of-year boost to President Obama.
Exports grew faster than expected, rising 4.3 percent while imports slowed to only half a percent growth, which could ease pressure on the dollar.
Wall Street and Europe fell on the news.
More about: Economic crisis, Economic growth, Gross domestic product, USACopyright © 2012 euronews
Top Stories
Haneke scoops Cannes Palme d'Or
Austrian director Michael Haneke has won the Cannes film festival’s top prize. He scooped the Palme d’Or for his film “Love” – the tale of an elderly couple facing the inescapable, yet…
Syrian government blames rebels for Houla massacre
International outrage is mounting over a massacre in Syria that has left more than 100 people…
Mali: Rebel groups agree to creation of Islamic state
Two Rebel groups have agreed to merge and create an independent Islamic state in Northern…
latest economy news
EU-Argentina trade friction increases- Eurozone citizens back common currency
- Athens stock market plunges
- Euro tumbles on German weakness
- UK economy in worse state than feared
- Foreign investors shun Italy and Spain
- IMF tells Britain ‘must try harder’
- Eurozone is biggest threat to growth: OECD
- UK inflation eases
- Troika checks Portugal’s progress
euronews on facebook
