Posted AT 9:00 PM EST on 28/08/08
U.S. economic bounce called fleeting
WASHINGTON Beware the W.
The remarkably resilient U.S. economy baffled experts by surging ahead at a 3.3-per-cent annual clip in the second quarter, paced by growing exports and a lift from tax rebate cheques, according to a revised estimate of gross domestic product released yesterday by the Department of Commerce.
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| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | -350.77 | 9,121.32 |
| DJIA | -245.40 | 8,769.70 |
| S&P 500 | -28.05 | 906.65 |
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