US economy grew at 2.9 percent rate in third quarter


The Boston Globe | By Martin Crustinger
October 28, 2016

WASHINGTON (AP) — The U.S. economy grew at a 2.9 percent rate in the July-September quarter, the strongest pace in two years, as the battered export sector rebounded and businesses finally began restocking their shelves at a faster clip.

The Commerce Department says the increase in the gross domestic product, the broadest measure of economic health, was double the 1.4 percent pace in the second quarter.

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