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Economy Grew 3.6 percent in Third Quarter

The economy grew at an annual rate of 3.6 percent from July through September, a decent increase which is nevertheless not likely to continue through the remainder of 2013.

The latest estimate is sharply higher than the 2.8 percent growth initially reported. But much the upward revision was due almost entirely to inventory building, which accounted for nearly half of the total GDP growth.

Analysts say the stockpiling is occurring at an unsustainable level and the GDP growth is likely to be in the one-percent range for the final quarter of the year.

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10 Responses to Economy Grew 3.6 percent in Third Quarter

  1. But I guarantee Obama will use that number in his little chat with Chrissy this afternoon AND he’ll make sure to point out that it would have been even higher if it wasn’t for those radical Tea Partiers in the House who foolishly closed down the government.
    Yes, I know the shutdown started the 4th quarter but O knows his minions don’t so what the hell.
    Anyway, that’s my prediction and I’m sticking to it, film at 11.

  2. The economy grew 3.6% in 3 months? Yeah, right. More than likely it is a fabricated figure manufactured specifically for his interview with the slobbering sot today.

    “The greatest liar has his believers. If a lie be believed for only an hour it has done its work. Falsehood flies and truth comes limping after; so that when men come to be undeceived it is too late; the tale has had its effect.” ~ Anonymous

    • This isn’t a ‘disagree’ with your opinion, but this uptick could be in anticipation of cold-weather item sales, and of course the holiday shopping sprees.
      IMO, holiday shopping is going to be disappointing to retailers.

      The basic problem with these kinds of numbers is that we don’t know how they reach their conclusions. Same goes with unemployment figures and cost of living status.