The U.S. economy grew at a 3.5 percent annual rate in the July-September quarter, the fastest pace in two years and more than the government had previously estimated. But the growth spurt isn't expected to last.
The gain in the gross domestic product, the economy's
total output of goods and services, came from added strength in consumer
spending, business investment and the government sector, the Commerce
Department said Thursday. The government had previously estimated last
quarter's annual growth rate at 3.2 percent.. . . more