U.S. Economy: GPD Growth in Third Quarter
November 2016The U.S. Economy pushed ahead and surpassed expectations with a 2.9% increase in GDP during the third quarter according to The Bureau of Economic Analysis (BEA). This is more than double the 1.4% increase in the second quarter and is inching towards the pre 2009 recession growth rate of 3%.
The recent advances in GDP was very broad based, with most industries advancing however a push from consumer spending and exports helped strengthen this quarters GDP. Overall the acceleration in growth is encouraging and economists are expecting continued growth over the next few quarters.
