The Commerce Department today revealed that the world’s no.1 economy grew at a far slower rate in the third quarter than previous estimates showed.
According to official figures, the US economy grew by 2.8% between the July and September period, rather than the 3.5% previously reported.
Today’s figures confirm that the economy exited its worst recession for 70 years in the third quarter but the latest figures were slightly less than the 2.9% analysts had expected.
The …
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