US GDP hits 2.8 per cent

Fiscal stimulus measures have pushed the US economy into accelerated growth, though markets had expected better.

27th January, 2012
A replenishing of business inventopries led to US GDP growth

The gross domestic product (GDP) ratio of the US has hit 2.8 per cent, a little lower than expected but enough to make it the fastest rate of growth since 2010.

The figure is a strong improvement on the 1.8 per cent GDP growth rate recorded three months ago.

European shares have reacted negatively to the news, as the markets had expected a growth rate of three per cent.

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