US economic growth revised down

**The US economy grew by far less than originally forecast between July and September, according to revised official figures.**The latest estimate said the economy grew at an annual pace of 2.8%.

That compared with the 3.5% the Department of Commerce initially forecast earlier this month.

The change in the gross domestic product figure came partly because imports, which count as negative, were higher than thought.

The growth was helped by a substantial government spending plan, including a scrappage scheme to boost car sales.

The official figures still indicate recession has ended, but some economists think there could be further setbacks.

The growth in third quarter GDP is the first time the US economy has expanded since the second quarter of 2008, when it grew at an annual pace of 2.4%.

US GDP is expressed as an annualised rate, or annual pace, which shows what the annual rate would be if the latest change continued for the rest of the year.