|
|
Article: Economy finds its footing Consumer spending, stimulus fuel growth, but some wary of weak recovery
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- October 30, 2009
- Author:
CopyrightCopyright 2009 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
|
By DIANA MARRERO
Washington -- After more than a year of contraction, the U.S.
economy grew in the third quarter, signaling a possible end to the
worst economic downturn since the Great Depression.
The 3.5% growth in the Gross Domestic Product was largely fueled
by an increase in consumer spending, much of which could be
attributed to government programs designed to spur the sales of cars
and homes. Billions of dollars in federal spending as part of the
economic stimulus package also likely contributed to the growth,
economists say.
The numbers reported by the Commerce Department on Thursday don't
necessarily mean the economy is doing well. The nation's
unemployment rate, which reached a ...