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.
U.S. economy grows at 2.5 per cent
GDP numbers ease recession fears
FILED UNDER: U.S. economy