U.S. Economy is Sluggish, but Recession Worries are Fading PDF Print E-mail

Economists have significantly raised their estimates of third-quarter economic growth ahead of the government's official report Thursday, easing near-term fears of another recession.

A consensus of economists surveyed by Bloomberg News estimates the economy grew at a still-modest 2.5% annual pace last quarter, up from their 1.8% projection less than two weeks ago. The brighter picture follows better-than-expected data on retail sales, manufacturing, jobs and business investment.

Source: USA Today

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