U.S. Economy Expands by 2.5% in Third Quarter

The U.S. economy grew at a 2.5% annual rate in Q3, more than previously calculated, as co.’s increased shipments abroad and Americans boosted their spending. The revised increase in GDP compares with a 2% estimate issued last month and a 1.7% rise in Q2, figures from the Commerce Department showed today in Washington. – Bloomberg

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