US GDP Data: Downward Revision of Q3 GDP Strengthens Case for Stimulus

The second estimate of U.S. GDP for the third quarter of 2011 shows a downward revision, making the real growth rate 2 percent rather than the 2.5 percent reported in last month’s preliminary estimate. The slowing growth rate makes the expansion look weaker than before and strengthens the case for new stimulus. >>>READ MORE

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