US economy is growing once again
The US economy grew at an annual pace of 3.5% between July and September, its first expansion in more than a year.
The growth was helped by a substantial government spending plan, including a scrappage scheme to boost car sales.
The official figures indicate recession has ended, but some economists think there could be further setbacks.
President Obama said while "welcome news", the US was still a "long way" from recovering from the "deepest downturn since the Great Depression".
President Obama: "We've got a long way to go to fully restore our economy"
The return to growth of the world's largest economy also sent shares on Wall Street sharply higher. The main Dow Jones index closed up 200 points, or 2.1%, at 9,962.58.
Well that's a relief, the slow incline of the US stock market hit a new peak. However the world is in a better recovery state than the US. But on second thoughts looking at the history of all the global stock markets the whole worlds been on a slow recovery since March 2009. One can not dismiss charts.
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Clearlake, California, United States