Economic Growth Rate Hits 2.5%
WASHINGTON (AP) - The U.S. economy grew at a moderate annual rate of 2.5 percent from July through September despite the poorest trade performance in six years and a $4 billion income loss from Hurricane Hugo, the government reported Thursday.
The Commerce Department said the increase in the gross national product (GNP), the broadest measure of conomic health, matched a 2.5 percent rise in the April-June quarter. Third-quarter growth was aided primarily by a boom in consumer spending that resulted from heavy car sales.
Inflation showed a marked improvement in the third quarter, with a price index tied to the GNP climbing at an annual rate of just …
The rest of this article is only available to active members of Questia
Sign up now for a free, 1-day trial and receive full access to:
- Questia's entire collection
- Automatic bibliography creation
- More helpful research tools like notes, citations, and highlights
- Ad-free environment
Already a member? Log in now.
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information:
Article title: Economic Growth Rate Hits 2.5%.
Contributors: Not available.
Newspaper title: THE JOURNAL RECORD.
Publication date: October 27, 1989.
Page number: Not available.
© 2009 THE JOURNAL RECORD.
Provided by ProQuest LLC. All Rights Reserved.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
One moment ...
- Georgia
- Arial
- Times New Roman
- Verdana
- Courier/monospaced
Reset