U.S. Economy Roars Back, Grew 2.9% in Third Quarter
Growth rate was the fastest recorded in two years after expanding an anemic 1.4% in the second quarter
WASHINGTON—U.S. economic growth accelerated last quarter, easing fears of a near-term slowdown but doing little to change the trajectory of a long but weak expansion.
Gross domestic product, a broad measure of goods and services produced across the economy, expanded at an inflation- and seasonally adjusted 2.9% annual rate in the third quarter, the Commerce Department said Friday. That was stronger growth than the second quarter’s...