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Fund Performance Review (August 2008) : US stimulus policy took effect

In late August, US announced a surprisingly upward revision of the second quarter GDP to 3.3 percent from 1.9 percent. This unexpected growth in GDP gives a break to the US .....

August Fund Performance Review: US stimulus policy took effect
Editorial &Research Team, Morningstar Asia Ltd. | 2008-09-15

In late August, US announced a surprisingly upward revision of the second quarter GDP to 3.3 percent from 1.9 percent. This unexpected growth in GDP gives a break to the US economy from falling into the abyss of recession. On the other hand, the new claims for unemployment benefits fell by 10,000 to 425,000, giving the U.S. stock market a favorable impact to the US stock market.

Although some economic gauges are surprising on upside, it is still too early to conclude that U.S has successfully swum again recessionary pressure and started enjoying exp

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