News Manufacturing & The Economy GDP Grew 2.5 Percent in Third Quarter, With Boost from Consumers
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The Commerce Department announced on Thursday that third-quarter gross domestic product grew 2.5 percent, boosted by higher consumer spending, allaying fears that the economy is slipping into another recession.

The GDP rate was in line with what economists were expecting. The 2.5 percent growth rate is almost triple the 0.9 percent pace of economic growth in the first half of this year, which has been far too slow to generate any job growth.

Source: ABC News

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