Tuesday, November 29, 2016

GDP rises at 3.2% annual pace, strongest in more than two years

The economy grew at the fastest pace in over two years in the third quarter as consumers and government stepped up their spending and exports surged.

Gross domestic product expanded at a 3.2% annual rate in the Commerce Department’s second reading, released Tuesday. That is the strongest pace since the second quarter of 2014. It beat the consensus estimate of a 3.1% growth rate among economists surveyed by MarketWatch.. . . more

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