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US economy grew faster in third quarter than initial estimate

  • Official data have indicated that the American economy grew at a much faster rate between July and September than what was first reported, media reports say.

    The US economy expanded at a 3.9% annualized rate in the third quarter, an increase from the 3.5% earlier estimate of the Bureau of Economic Analysis.

    The increase, which comes after a positive second quarter, implies that the country has experienced its strongest growth for two successive quarters in a decade.

     

    Tagged as: data, US economy, third quarter, estimate, growth, business news