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.


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