The US economy grew faster than thought in the third quarter.
WASHINGTON (AP) – The economy revved up its engine in the third quarter and advanced at an annual rate of 4 percent- even faster than previously thought.
The new reading on gross domestic product, released Wednesday by the Commerce Department, exceeded the previous estimate of a 3.9 percent growth rate for the July-to-September quarter. It marked the best showing since the opening quarter of this year and was up from a 3.3 percent pace in the second quarter.
Gross domestic product measures the value of all goods and services produced in the United States and is the broadest barometer of the country’s economic health. […]
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PTBC was founded by Mr. Johannesen in 2000.
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