The Shrinking Recovery

The US economy grew at a small rate than before thought. The economy grew at a revised 2.2 percent down  from 2.8 percent in third quarter of 2009. The good news is that the  economy is  surer footing.

The Commerce Department report on the gross domestic product (GDP) was 2.2 percent for the  third quarter(the period from July to September). Last month the estimated amount was higher.

The  factors for the decline include: commercial construction weaker, business investment in equipment and software  was down, consumer spending was piecemeal at best and store inventories lean.

AP via My Way News has the rest of the story.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s