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WHEW U.S. Economy Beats Expectations

U.S. Economy Beats Expectations

The U.S. economy grew at an annual rate of 2.8 percent in the third quarter, topping analysts' expectations of a two-percent rate. The report was initially due out on October 30, but was delayed because of the shutdown. The growth comes as a surprise as economists were predicting the sequestration spending cuts and tax increases to have a significant drag on the economy. 

November 7, 2013 9:35 AM