Thursday, November 29, 2012

Voice of America: US Economy Advancing Faster Than First Estimated

Voice of America
Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries
US Economy Advancing Faster Than First Estimated
Nov 29th 2012, 15:37

The U.S. says its economy advanced at a faster pace in recent months than first estimated.  The government's Commerce Department said Thursday that the American economy, the world's largest, grew by 2.7 percent in the July-to-September period, a quicker pace than the 2 percent gain it calculated last month. Businesses contributed to the faster pace, boosting their inventories, while the country's trade deficit narrowed as increased exports outpaced the growth in imports.  ...

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