GDP grows faster than expected
Even with all of the natural disasters that struck the United States during the third quarter, GDP increased by 4.3 percent. This number is even greater than the originally predicted growth of 3.8 percent. Not only did GDP grow at a rate faster than predicted but it did so without any real signs of increasing inflation. These numbers are amazing considering the amount of problems that the economy faced during the quarter. Not only were there hurricanes but the increase in interest rates and other factors had to be considered in the GDP. Many people are quick to panic in times of trouble but it appears that investors and others did not during trying times.
Posted by Nate at 11/30/2005 10:45:00 AM