Financial Times: US economy accelerates to 2.5%

US economic growth accelerated to 2.5% in the third quarter as consumers, businesses and the federal government boosted their spending. The annualised increase in gross domestic product confirmed expectations that the economy had improved from the 1.3% growth rate posted in the second quarter.

US economic growth accelerated to 2.5% in the third quarter as consumers, businesses and the federal government boosted their spending.

The annualised increase in gross domestic product confirmed expectations that the economy had improved from the 1.3% growth rate posted in the second quarter. Economists polled by Bloomberg had forecast the growth rate to come in at 2.5%.US economic growth accelerated to 2.5% in the third quarter as consumers, businesses and the federal government boosted their spending.

The annualised increase in gross domestic product confirmed expectations that the economy had improved from the 1.3% growth rate posted in the second quarter. Economists polled by Bloomberg had forecast the growth rate to come in at 2.5%.
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