GDP Sees Biggest Gain Since 2011

Increased consumer spending over the summer helped the U.S. economy grow more than expected in the third quarter of 2013. The Commerce Department saw a 4.1 percent annual growth rate in the economy—higher than the 3.6 percent they’d predicted and the biggest gain the U.S. has seen since 2011. Commerce says the change is due to an annual 2 percent growth in spending over the summer—with people making purchases that range from big things like refrigerators to daily and monthly expenses like gas and healthcare. This is just the latest good news for the economy, predicting even higher expectations for growth this year.