Market Overview

US Economy Growth Rate is 2 Percent

US Economy Growth Rate is 2 Percent

The U.S. economy expanded at a slightly faster 2 percent annual rate from July through September, buoyed by an uptick in consumer spending and a burst of government spending.

The Commerce Department said growth improved from the 1.3 percent rate in the April-June quarter.

The pickup in gross domestic product may help President Barack Obama's message that the economy is improving.

Still, growth remains too weak to rapidly boost hiring. And the 1.74 percent rate for 2012 trails last year's 1.8 percent growth, a point GOP nominee Mitt Romney will emphasize.

The report is the last snapshot of economic growth before Americans choose a president in 11 days.

via CNBC

Get OANDA's exclusive weekly Market Pulse FX

Email Address: Preferred Format:


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Economics Trading Ideas


Related Articles

View Comments and Join the Discussion!