U.S. economy grows at 2.5 per cent

GDP numbers ease recession fears

U.S. economic growth accelerated between July and September of this year, aided by a pickup in consumer and business spending, the Wall Street Journal reports. GDP grew at an inflation-adjusted annual rate of 2.5 per cent in the third quarter, below the 2.7 per cent forecast by economists surveyed by Dowjones Newswires but enough to ease widespread concern that the U.S. might be slipping back into recession.

The Wall Street Journal

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