Posted by
alfredlester on Thursday, October 29, 2009 11:06:53 AM
WASHINGTON, Oct. 29 (Xinhua) -- The U.S. economy rose at a pace of 3.5 percent in the third quarter after four consecutive quarters of contraction, reported the Commerce Department on Thursday.
The increase is better than economists' expectation of 3.3 percent, indicating the strongest signal that the worst recession since the 1930s has ended.
The growth of real gross domestic product (GDP) -- the output of goods and services produced by labor and property within U
personal loan for poor credit.S. borders -- in the July to September quarter was mainly propelled by the government's economic stimulus package.
Special Report: Global Financial Crisis
U.S. economy rises 3.5% in third quarter