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U.S. economy grows by 2.2% in third quarter

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The U.S. economy is in the third quarter grew by 2.2 pc. The investments were lower than originally thought, according to figures which were published today by the U.S. Department of Commerce.

A month earlier, the growth is estimated at 2.8 pc compared to the previous quarter. The new estimates are also a lot lower than the first in October, which had about 3.5 pc.

Yet this third quarter of 2009 the first in which GDP grows in the U.S., after four consecutive quarters of decline. This means that the U.S. economy this summer from its deepest trough since the thirties climbed.

The traditional engine of U.S. growth, consumption was revised slightly down (2.8 pc, against the expected 2.9 pct).

The Ministry of Commerce, which publishes quarterly estimates of GDP, stated that the most comprehensive economic data available to it the investment figures were revised downwards. Which increased by only 5 pc, while the estimates were about 8.4 pc. (Belga / CBD)