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Merry Christmas! 4.3% GDP Growth in Q3

EverettChris
EverettChris Member Posts: 8,883 Standard Supporter

Terrible news for H and Spaz.

The U.S. economy grew at a much greater-than-expected pace in the third quarter, boosted by strong consumer spending, a delayed report released Tuesday showed. 

U.S. GDP, a sum of all goods and services produced in the sprawling U.S. economy, expanded by 4.3% in the July-September period, the Commerce Department said in its initial reading of third-quarter growth. Economists polled by Dow Jones expect a gain of 3.2%.

Consumer spending expanded by 3.5% in the third quarter after rising 2.5% in the second quarter. 

Increases in exports and government spending also boosted growth, while a smaller dip in private fixed investment helped as well.

The report originally had been scheduled for release on Oct. 30 but was delayed by the government shutdown

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