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U.S. Economy Grew at 3.2% Rate in 3rd Quarter

November 30, 2016

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The United States economy in the third quarter grew at the fastest pace in two years, according to a revised report that showed stronger consumer spending than first estimated.

The gross domestic product, the country’s total output of goods and services, expanded at an annual rate of 3.2 percent in the July-September period, the Commerce Department reported on Tuesday. That is up from a previous estimate of 2.9 percent.

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