Tagged: us economy

The US economy is making steady progress

The US economy bounced back in the third quarter. Gross domestic product, the value of all goods and services produced across the economy, increased at an annualised rate of 2.9 per cent, after a 1.4...

The US economy relies on consumers for growth

The US economy grew by an annualised pace of 1.1 per cent in the second quarter, instead of 1.2 per cent than was previously reported by the Department of Commerce. GDP, the value of all...

The US economic expansion is steadily losing steam

The US economy grew by an annualised pace of 1.2 per cent in the second quarter as business spending on structures, equipment and intellectual property weakened, according to figures released by the Bureau of Economic...