US Economy Grows in 3rd Quarter, Driven by Surge in Consumer, Government Spending
Consumer spending and government expenditures continue to prop up the world’s largest economy. The U.S. economy expanded at a slower-than-expected pace in the third quarter, as growth was primarily fueled by increases in consumer and federal government spending. According to the Bureau of Economic Analysis (BEA), the real GDP growth rate was 2.8 percent from