ALJAZEERA: The U.S. economy rebounded more strongly than initially thought in the second quarter, and details of a government report released Thursday pointed to sustainable underlying strength.
Gross domestic product — the nation’s total output of goods and services — expanded at a 4.2 percent annual rate instead of the previously reported 4 percent pace, the Commerce Department http://america.aljazeera.com/articles/2014/8/28/economy-q2-growth.html
said, reflecting upward revisions to business spending and exports…
The seasonally adjusted 4.2 percent annual growth rate for GDP came after the economy had shrunk at an annual rate of 2.1 percent in January through March. That was the biggest economic decline since the depths of the Great Recession… (more)
