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GDP grows at annualized 3.5% in third quarter, but…

Real GDP (that is GDP discounting any gains from inflation) increased at an annualized rate of 3.5% in the third quarter. Economists surveyed by were looking for 3.3% growth rate. In the second quarter GDP grew at an annualized rate of 4.2%. Big driver in the quarter was consumer spending, up 4.0%, the strongest […]

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