White House says GDP growth 'not good enough'
US: President Barack Obama's administration said Thursday that
stronger growth in the economy in the third quarter still was too slow
and signaled a need for further stimulus.
Responding to the Commerce Department's first estimate of gross
domestic product growth for the July-September period at a 2.5 percent
pace, nearly double that of the prior quarter, the White House said that
growth remained too sluggish and would not dent painfully high
employment.
"What we know... is that 2.5 percent is better than what we had in
the previous quarter, and the quarter before that, but it's not good
enough by a long shot," White House spokesman Jay Carney said.
"That's why we need to take action to further boost growth and job
creation," he added, referring to a jobs plan Obama presented to
Congress in mid-September.
AFP
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