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Tag Archives: Consumer Spending

US Growth Estimate Lowered

In a surprise and unexpected move the US Department of Commerce has cut its expected 4th-quarter growth from 3.2% to 2.8%. While the government is expecting a lower growth, analysts were having a different opinion. They estimated the growth to be 3.3%. Economic growth for the whole of 2010 was also revised down slightly, from 2.9% to 2.8%. As well ... Read More »

US Economy grew Faster than thought

The US economy grew at a faster pace than initially thought, figures show. The economy grew at an annualised rate of 2.5% in the July-to-September period, up from an earlier estimate of 2%, the Commerce Department said. Earlier this month, the US Federal Reserve said it would pump $600bn (£373bn) into the economy to try to boost the economic recovery. ... Read More »

Irish economy shrinks by 1.2%

It has come as a surprise to many. The Irish economy has actually shrunk by 1.2% while everyone was expecting it grow. The Irish Republic’s economy shrank in the second quarter from the previous three months. Gross domestic product (GDP) fell 1.2%, the Central Statistics Office said. It also revised down its measure of growth in the first quarter to ... Read More »