After four consecutive quarters of decline, the US Economy returned to growth in the third quarter of 2009. Between July and September, Gross Domestic Product expanded at an annual rate of 3.5%, beating economists’ forecasts of 3.2%. The Government’s stimulative policies, like the Cash-For-Clunkers program and tax credits for first-time home buyers, seemingly helped to get the wheels of the economy turning again by shoring up durable goods purchases.
The news shook the Dow Jones Industrial Average out of Wednesday’s slump, sending it up nearly 200 points at yesterday’s close.
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