U.S. economy picks up speed to 2.5 %

U.S. economic growth picked up speed to 2.5 percent in the third quarter of this year, reduction of recession, but experts held that the economy was confronted with a slew of domestic and international challenges.

The growth rate of the real gross domestic product (GDP) in the June-September period was the best quarterly performance since the start of this year, a welcome relief for the world's largest economy, which was on the edge of a double-dip recession for the first half of the year.

The growth speed was in line with economists' expectations and was a big acceleration from the revised 1.3 percent growth rate in the second quarter.

Katharine Abraham, a senior White House economist, said "We are, nonetheless, at a fragile moment in the world economy, and cannot afford to do anything to undermine our economic recovery," on Thursday in a White House blog article.

Full Story

You have read this article Gross Domestic Product / Third quarte results / U.S. economic growth / White House / White House economist / world's largest economy with the title U.S. economy picks up speed to 2.5 %. You can bookmark this page URL http://roxpolitix.blogspot.com/2011/10/us-economy-picks-up-speed-to-25.html. Thanks!