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  • U.S. economy grows 2.5% in third quarter

    10/27/2011 8:04:43 AM PDT · by Free Vulcan · 27 replies
    Marketwatch ^ | 10.27.11 | Jeffry Bartash
    U.S. growth accelerated in the third quarter as consumers and businesses ramped up spending, a report that shows the economy remained resilient in the face of strong headwinds. Gross domestic product in the July-through-September period expanded at a 2.5% annual rate, the government said Thursday. That’s nearly double the 1.3% rate of growth in the second quarter and much faster than the first quarter’s tepid increase of 0.4%.