U.S. GDP Beat Forecasts in Third Quarter, Growing 3.1%
Economists expect spurt to fade this period, amid economic and political challenges.
By Alex Kowalski, Bloomberg News|December 20, 2012 at 04:54 AM|Originally published on Treasuryandrisk.Com
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The U.S. economy grew at a 3.1 percent annual rate in the third quarter, more than previously reported, reflecting the first gain in state and local government spending in three years, more consumer purchases and a smaller trade gap.