Archive for August, 2008

US Economy Shows Positive Growth August 1st, 2008

    The US economy has been boosted by the government’s $168bn (£84bn) stimulus package, according to the US Treasury Secretary Henry Paulson.
    Official figures showed that gross domestic product (GDP) rose at an annual rate of 1.9% between April and June, up from 0.9%.
    Mr Paulson predicted that the US economy would get stronger next year “and beyond”.
    The [...]