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%.
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%.