Economy grows at slightly faster pace in Q3
The government’s latest reading on economic growth offers little benefit to Democrats who face deep losses in Tuesday’s elections. The economy grew slightly faster last summer as Americans spent a little more – but far too little to reduce the high unemployment that is frustrating voters. The Commerce Department said Friday that the economy expanded [...]
Stocks fell Friday after the government said the economy grew at a slightly slower pace in the first quarter than was expected. A drop in consumer sentiment contributed to the selling. The gross domestic product rose at a 3.2 percent annual pace in the January-March period. Economists forecast GDP would rise 3.4 percent. While the [...]
Continue reading …India’s economic growth is likely to return to pre-crisis levels in the next fiscal year, driven by strong industrial and agriculture growth. The Centre for Monitoring Indian Economy expects Asia’s third largest economy’s gross domestic product to grow by 9.2 percent during 2010, up from 6.9 percent in 2009. “In fiscal 2010/11, real GDP growth [...]
Continue reading …Nominal health spending in the United States grew 4.4 percent in 2008, to $2.3 trillion, or $7,861 a person, according to data from the Centers for Medicare and Medicaid Services. The number is the lowest since CMS started tracking expenditures during 1960. However, health care spending continues to outpace overall economic growth, which grew by [...]
Continue reading …While most state’s economic growth slowed last year, Colorado’s growth of 2.9 percent remained comparatively strong, ranking fourth in the nation. North Dakota ranked first with 7.9 percent growth, Wyoming second with 4.4 percent and South Dakota third with 3.6 percent. Real GDP growth slowed in 38 states, with downturns in construction, manufacturing, and finance [...]
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