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The Good Economic News Keeps Coming

November 30, 2005 Posted by John at 11:39 PM

GDP grew at a remarkable 4.3% clip during the third quarter, despite hurricanes and high gas prices. Some economists reportedly say that growth would have exceeded 5% if the hurricanes had bypassed the U.S.

High energy costs have taken a bite out of the economy; this graphic tells the story clearly:

capt.gfx82212010111.oil_prices_gfx822.jpg

With oil prices declining rapidly since September, prospects for current and future economic growth appear excellent.