U.S. third quarter growth of 3.1% ‧ better than expected - hpc


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By exports and government spending boost, U.S. third quarter economic growth rate is faster than the previous estimate, however, the downturn in global demand as well as the United States is facing a financial crunch may again hinder economic growth.
Department of Commerce announced, the third quarter U.S. gross domestic product (GDP) year-on-year growth final value is 3.1%, this is the fastest rate since the end of 2011, more than twice second quarter growth rate of 1.3%.
Month ago, the Commerce announced third-quarter preliminary estimates for GDP growth of 2.7%.
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