The US Economy Steps Up 2.8 percent in 3Q

November 08 09:50 2013

us economyWashington, November 8 – In a report that disclosed fragility in essential consumer spending, the government stated just a day ago that the US economy rose by 2.8 percent in the 3Q.

In addition to this, bringing astonishment for the analysts who had anticipated the first read of commerce department on 3Q gross domestic product (GDP) would demonstrate growth at a weaker 1.9 percent rate, the biggest economy of the planet stepped up a tad from a rate of 2.5 percent in the 2Q.

Moreover, it was the most robust rate of expansion in a year. On the other hand, analysts predicted a fragile 4Q in 2013.

  Categories: