United States

    The U.S. economy grew by 2 percent in the third quarter of 2010 from the same period in 2009. This most recent growth is higher than the 1.7 percent recorded in the last quarter, but it is not high enough to significantly impact the U.S.’s 9.6 percent unemployment rate, the Financial Times reports. The U.S. central bank is expected to commit to a new quantitative easing initiative on Nov. 3, the day following U.S. legislative midterm elections.

    About the author

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      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.