WOW! Economy's Growth Rate Revised Downward to 2.2% Pace- AP The U.S. economy grew slower than previously thought in the third quarter, as the recovery got off to a weaker start than official statistics estimated last month. ^^^^^^^^^^^^^^^^^^^^^ I told you that the statistics did not support a recovery. Now we know. Folks, that means that the so called growth rate of the economy is less than the rate of inflation. I.E. we are going BACKWARDS.