Archive

U.S. Economy Beats Expectations

WHEW

Grew 2.8 percent in third quarter.

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.

Read it at the New York Times