GDP Logs a 3.2% Rise in 4th Quarter
Even though it fell short of economists’ expectations, a 3.2 percent rise in the GDP during the last quarter of 2010 has rekindled hopes that the U.S. economy may be moving toward sustainable recovery.
Even though it fell short of economists’ expectations, a 3.2 percent rise in the GDP during the last quarter of 2010 has rekindled hopes that the U.S. economy may be moving toward sustainable recovery. –JCL
TRUTHDIG’S JOURNALISM REMAINS CLEARThe Guardian:
The US economy regained momentum in the fourth quarter of last year, boosted by buoyant exports and the strongest consumer spending in more than four years.
GDP figures released today raised hopes that a sustainable recovery is under way, which will enable businesses to start hiring again.
The world’s largest economy grew at an annualised rate of 3.2% between October and December, according to the US Commerce Department, faster than the third quarter’s 2.6% rate. Economists had expected growth of 3.5%.
The storytellers of chaos tried to manipulate the political and media narrative in 2025, but independent journalism exposed what they tried to hide. When you read Truthdig, you see through the illusion.
Support Independent Journalism.
Gasoline prices crept higher after a drone attack devastated Saudi Arabian oil output, but global market disruption may be short-lived.
A new IRS filing reveals that a shadowy Koch brothers-led nonprofit, Freedom Partners, spent nearly a quarter-billion dollars trying to influence 2012 elections and policy discussions. Most of the donors remain secret. Can you say, "oligarchy"?
What is Washington doing to fix the economy? Worse than nothing. It has now adopted the same kind of austerity economics that’s doomed Europe -- cutting federal spending and reducing total demand. And the sequester doesn’t end Sept. 30. It takes an even bigger bite out of the federal budget next fiscal year.
"Today the stock market is high not from profits from expanding sales revenues, but from labor cost savings," former Reagan Treasury Secretary Paul Craig Roberts writes in CounterPunch.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.