Obamanomics: 3rd Quarter GDP Revised Down From 2.5% To 2%, Below Analysts Expectations…

Hope and change. WASHINGTON (MarketWatch) — The U.S. economy grew at a slower pace than originally estimated in the third quarter, mainly because companies reduced inventories and did not invest as much. The Commerce Department cut its estimate of gross domestic product to 2.0% from a first reading of 2.5%. The government’ second revision of … Continue reading Obamanomics: 3rd Quarter GDP Revised Down From 2.5% To 2%, Below Analysts Expectations…