October 29th, 2010
10:01 AM ET
3 years ago

Economic growth weak in third quarter

New York (CNNMoney.com) - The U.S. economy continued on its path of weak growth in the third quarter, according to the government's latest reading Friday.

Gross domestic product, the broadest measure of the economy, grew at an annual rate of 2% in the three months ending in September. While that's slightly better than 1.7% growth in the previous quarter, it's still considered too weak.
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Filed under: 2010 • Economy • issues
soundoff (10 Responses)
  1. Eve

    Hey, at least it's growing! I'll take it.

    October 29, 2010 10:37 am at 10:37 am |
  2. diridi

    Listen, consumer spending is up by 2.6 percent. It is a good sign. GOP wants to abolish Social Security, and repeal Health Care law, and Fin. Reg. law. It is a bad sign. Nation is recuperating slowly. I said slowly, because, it is darn messed up by GOP thugs rule. Bush and Reagan messed this nation, and sold out this nation to Saudi, and China. Period. We need to have confidence in economy. Companies are coming back, it is a good sign, for ex., when I called visa for billing it went to north Carolina, hickory....it is a good sign...we need confidence. we need to bring Manufacturing, Agriculture, Energy efficiency....our Air Lines need to provide food on Air Plane. they are profitable, charging for food, is shame...shame on them...tickets are outrageous. but service is Zero..look at international air lines, they are not charging, why should American flights...????.they hurt...lack of service.....o.k....

    October 29, 2010 10:43 am at 10:43 am |
  3. jules sand-perkins

    This is what happens when nations' leaders try to spread the wealth around.
    Vote Tuesday.

    October 29, 2010 10:53 am at 10:53 am |
  4. Chessnutz of Liverpool NY

    Yet our Government's policy supported by CNN is claiming we are not double dipping? This is head in the sand thinking. The Federal Reserve bank knows that 2011 will have a great dip based on the national debt and the lost value of the US Dollar. They know no matter if democrats or republicans gain power, our recovery is still years away with double digit unemployment.

    October 29, 2010 10:55 am at 10:55 am |
  5. Whatever

    IT IS GROWING!!! MAYBE SLOWING BUT IT IS GROWING!!!! Show the graph for prior to 2009... It was in the negative!!! The GOP better shut up as most Americans realize that things are better than they were OR could be!!!! They will not do anything to jump start GDP in a dramatic way. We should demand specifics when they start in on the talking points because they should be able to tell us what they will do A-Z.

    October 29, 2010 10:57 am at 10:57 am |
  6. T'SAH from Virginia

    HEADLINE: ECONOMIC GROWTH UP IN 3RD QUARTER

    That's the truth too! But it's important to choose the words that favor the side that is "ENTHUSIASTIC", according to CNN… They feel the RepubliCAN’Ts are the only ones out there VOTING in November 2010!! RUDE AWAKENING time and no “Wednesday” morning quarterbacking allowed!!

    It's all in the words and how you word it!! This is why we need to IGNORE the media to a certain extent and DO WHAT is right for America. And right now – the RIGHT is not RIGHT!!!!

    Please get out and VOTE – DEMS in AK, support Scott McAdams and the bottom 48 will learn something!!!! I know I did when I got to meet Scott McAdams and the Alaskan citizens through the Rachel Maddow show!!!!

    This is T'SAH from Virginia and I approve this message!!!

    October 29, 2010 11:11 am at 11:11 am |
  7. Ancient Texan

    Maybe, just maybe after Tuesday, the small business man will begin to feel a little more confident in the direction our country is going. With all the uncertainties concerning increased taxes, Obamacare, new regulations, fees, charges, etc one doesn't have much encourgement to hire or expand at all.

    October 29, 2010 11:16 am at 11:16 am |
  8. Dutch/Bad Newz, VA

    Some growth is better than no growth.

    October 29, 2010 11:24 am at 11:24 am |
  9. Randolph Carter, I'm no expert, but....

    Not surprising. When you implement an economic policy that makes the rich richer while allowing everyone else's wages to stagnate for 30 years this is what you get. Contrary to what the trickledown morons will tell you, our economy runs on demand. Destroy the middle class and demand disappears. Nice job, unregulated capitalism. My prediction: no matter which "side" takes the midterms, you and I will just keep getting the shaft. The real American left died a couple of decades ago. We're being gamed by corporatists disguised as liberals and conservatives. And the media doesn't dare point out the growing contradictions between what we, as a nation, say we stand for and what we actually do in practice. Say bye-bye to America, consumerbots. Killed by greed. Have a nice day

    October 29, 2010 11:24 am at 11:24 am |
  10. Dominican mama 4 Obama

    The MSM has a great impact on how the country goes about it's recovery. If they focus solely on every negative downturn, wihtout giving positive upticks equal time the market will act accordingly.
    PEOPLE drive the economy. A lot more good could be achieved if folks are fed a daily dosage of positive, whenever possible, versus exhaustive rehashing of all things negative.
    Unfortunately CNN a lot of responsibility still rests on your shoulders, which is regretful because you've been nothing if not irresponsible in your reporting as of late.

    October 29, 2010 11:32 am at 11:32 am |