US economy growth faster than expected in third quarter

Annual growth of 3.5% stronger than the 3% forecast, boosted by a rise in exports and government defence spending

The US economy grew faster than expected in the third quarter, boosted by a rise in exports and a jump in government defence spending.

Annual growth of 3.5% was stronger than the 3% forecast by economists although a slowdown from the 4.6% pace in the second quarter when activity rebounded after the disruption of severe winter storms in the early months of the year.

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via Business Feeds

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