U.S. revises up last quarter’s economic growth to 2.9% rate
Despite high interest rates and chronic inflation, the U.S. economy grew at a 2.9 per cent annual rate from July through September, the government said Wednesday in an upgrade from its initial estimate. Last quarter’s rise in the U.S. gross domestic product – the economy’s total output of goods…
#centannual #chronicinflation #cent #initialestimate #annual #julyseptemberperiod #commercedepartment #recession #totaloutput #period