MSNBC - Economy did better than original estimate
The figure was the second and final revision to second-quarter GDP performance and handily outpaced Wall Street economists' forecasts for a 3 percent rate of growth. Though well down from the first quarter's 4.5 percent rate of expansion, it left the economy in better shape than anticipated for a widely forecast pickup in growth in the second half of the year.
Of course it was a smaller headline but this is good news for the country.
Posted by Tim at September 29, 2004 07:04 AM
