Friday, October 29, 2010
US Economy Grows Two Percent in Third Quarter
VOAVideo: US Economy Grows Two Percent in Third Quarter
The US economy is growing. That's the good news. The bad news is that economic growth remains sluggish. The US Commerce Department says GDP (Gross Domestic Product), the broadest measure of the US economy, grew 2 percent, at an annual rate, between July and September - a slight increase from the previous quarter. The White House says the government report is more evidence that the economy has weathered the worst downturn since the 1930's. But the numbers are of little help for Democrats who face steep losses in next week's mid-term elections.