Economy Grew 3.3% in 2nd Quarter, Much Higher Than Initial Reading
Aug 28th, 2008 | By Gregory Arzumanov | Category: Financial NewsWASHINGTON (AP) – Economic growth rebounded at better-than-expected 3.3% annual rate in the April-June quarter, the government said Thursday.
The Commerce Department says the economy shifted to a higher gear, growing at its fastest pace in nearly a year, as foreign buyers snapped up U.S. exports and tax rebates spurred shoppers at home.
The revised reading was [...]