November 30, 2004
AND BIGGER...:
Third-Quarter Economic Growth Set at 3.9% (Jeannine Aversa, November 30, 2004, Associated Press)
The economy -- helped out by more brisk consumer and business spending -- grew at an annual rate of 3.9 percent in the third quarter, a performance that was stronger than previously thought.The new reading on gross domestic product, which is based on additional data, was up from the 3.7 percent growth rate first estimated for the July-to-September quarter, the Commerce Department reported Tuesday.
"I think the economy has found its groove," said Mark Zandi, chief economist at Economy.com.
Or you can follow the European model and keep your currency artificially elevated for psychological reasons while you tank your own economies. Posted by Orrin Judd at November 30, 2004 11:34 AM
