The American government has said that the US economy has grown even faster than at first thought. The Commerce Department figures show an increase equivalent to an annual rate of 8.2 per cent - the highest for nineteen years.
This report from Adam Brookes:
The American economy is roaring, according to the latest Commerce Department figures.
From July to September, it grew at an annual rate of eight-point-two per cent - that's more than double the rate for the second quarter. It's a whole percentage point higher than the Commerce Department first thought, and it's the sort of figure more associated with Asian tiger economies than with the world's largest.
Corporate profits were up markedly, and that's leading hungry brokers to ponder yet more rises on the stock markets.
It's all excellent news for President George Bush as he enters his presidential re-election campaign. These figures will make it extremely difficult for Democrats to criticize his handling of the economy.
Still, despite the robust growth, if you listen closely to the analysts and bankers, you can pick up a low buzz of concern over some areas of the economy. The growth, for example, in the number of jobs doesn't yet match the economy's expansion.
The government is spending far, far more money than it's bringing in - and that deficit, say analysts, along with worries about terrorism and security, has weakened the dollar, and that's really worrying some here.
Adam BrookesS, BBC, Washington
creciendo con gran fuerza
the second quarter
segundo trimestre (abril, mayo y junio)
Asian tiger economies
los países asiáticos que manifestaron gran crecimiento económico en un breve lapso de tiempo como Tailandia o Malasia
En este caso se refiere al intenso deseo de obtener ganancias
en este caso, identificar, descubrir, notar
a low buzz of concern