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Prague News

28.08.2008 - US economy rebounds

The US economy grew at a revised 3.3% annually in the second quarter of 2008, the Commerce Department said, much higher than its first estimate of 1.9%.
The rebound was linked to strong US exports, helped by the weak dollar, while government tax rebates also boosted consumer spending.

The Czech Republic news are represented by www.prague-pensions-hotels.com


GDP grew at a rate of 0.9% in the first quarter, after a 0.2% contraction in the last three months of 2007.
The Federal Reserve has warned the economy will remain weak Tories criticise Whitehall bonuses ...
Potter 'prequel' sold at auction ...
this year.
Exports grew at an annualised rate of 13.2%, higher than the government's initial estimate of 9.2%.
Imports fell at a rate of 7.6% as the US economic slowdown reduced demands for goods made overseas.
The improved trade balance added 3.1 percentage points to second-quarter GDP, the biggest since 1980.
The slowdown in the housing market was evident, as builders cut back and businesses reduced their spending.
Consumer spending, boosted by the government's $600 tax rebate payments, rose by 1.7%, slightly higher than the previous quarter's 1.5%.

(BBC)


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