America's economy grew in the third quarter at a revised 4.0% annual rate, up from the earlier estimate of 3.1%.
Indeed, a surge in export sales in June probably means that GDP growth for the most recent quarter will be revised up from 1.9% at an annualised rate, which is already respectable.
Figures released on May 24th showed that America's economic expansion in the first three months of this year was marginally weaker than previously thought: GDP grew at an annual rate of 5.6%, revised from the first estimate of 5.8% (though the final figure, which could also be revised, will not be available for some time yet).
The US economy grew at its fastest rate in two years in the first quarter, revised figures show.
In the second quarter its GDP grew at an annualised rate of 1.7%, according to revised figures published on August 29th.
Economic recovery seems to be gathering speed: according to revised figures published on Wednesday, the economy grew at an annual rate of 3.9% in the second quarter.
Sapir personally guaranteed the loan, from a Blackstone-controlled fund, at 18% interest, and later revised it to an even steeper interest rate of 20%.
The unemployment rate held steady at 9.1%, but the report revised both the June and July reports lower.
According to figures released earlier this month, GDP grew at an annualised rate of 4.3% in the third quarter, revised upward from a preliminary estimate of 3.8% issued in November.
In a 1965 article for Electronics magazine he formulated Moore's Law, which predicted that the power of computer chips would double every year (later revised to every 18 months) while the cost would decrease at a similar rate.
Nevermind that white scientists revised and resubmitted rejected applications much more often, hoping for a second shot at funding for their second rate proposals.
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