Tuesday March 31, 2020

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.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 3 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago