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Friday, October 30, 2009

US economy growing at 3.5% this quarter

The US economy for the 2nd quarter (July - September) has grown by 3.5% which is a remarkable achievement in these tight times. The most important thing is that the these figures have exceeded the market expectations.

Obama has said that, "We've got a long way to go to fully restore our economy" which is a very humble statement. Japan, France, Germany had already come out of recession in the last quarter itself, though UK is still in recession.

US Economy in April - June : 0.9% growth
US Economy in July - Sept. : 3.5% growth

Very encouraging signs. But the job market in US hasn't improved though. This has created lots of confusions in the minds of market analysts. Hmmm... Hope things really improve much more.

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