US Economic Growth Best in a Year, GDP Up 2.5%

US Economic Growth Best in a Year, GDP Up 2.5%

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dollar-sign-morguefileA new GDP report shows the economy grew in the third quarter at its fastest pace in a year, as consumers and businesses stepped up spending, creating momentum that could carry into the final three months of the year.

Growth of 2.5 percent offers evidence that the recovery is back on track, and builds on optimism delivered by the European Union overnight when it agreed on a recovery plan for economies there.

(READ the AFP story in Google News)

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