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Washington, Macroeconomics Timeline Wednesday, October 8     Author
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US GDP rebounds with 3.3% growth
World News World Macroeconomics (46) Washington (245) Business (106) Macroeconomics
2007 2003 (4)
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  US rivals in economy crisis talks
Sep. 25
  Presidential candidates McCain and Obama are due to meet President Bush at the White House for emergency talks on the economy

Aug.28
  The US economy grew at a revised 3.3% annually in the 2nd quarter of 2008, much higher than its first estimate of 1.9%
Jul.15 Fed boss warns of growth 'risks'
  Ben Bernanke has warned that there are still 'downside risks' to growth in the world's largest economy
Jun.9 Danger of US downturn 'has faded'
  Federal Reserve Chairman Ben Bernanke: The US economy may have avoided a major decline. He is playing down recent unemployment rises
Mar.18 US admits economy is in downturn
  Treasury Secretary Paulson has admitted that the US economy is facing a 'sharp decline' at the moment but hoped for a recovery later in the year
Mar.7   Bush insists US not in recession   President says that he remains concerned about the economy's performance. The unemployment at its highest for five years Feb.7 Congress approves US economy plan  U.S. Congress: The Congress has passed a $167bn economic stimulus plan aimed at helping to bolster the U.S economy and avoid a recession

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year 2003 Top ^

Nov.26 Reports Brighten Economy's Outlook
  A new unemployment benefit claims decreased to a 3-year low and durable goods orders posted a strong jump Nov.7 120,000 jobs were created in October
  The number was twice what economists had predicted, bringing the jobless rate to 6% from 6.1% in September Jul.15 US cuts growth forecasts  The economic recovery is taking longer than anticipated, according to latest figures from the Federal Reserve chairman



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