US economic growth reached still-modest 2 pct. rate in Q3 on higher defense, consumer spending - The Washington Post

 

The U.S. economy grew at a slightly faster 2 percent annual rate from July through September, buoyed by more spending by consumers and the federal government.

Growth accelerated from the 1.3 percent rate in the April-June quarter, the Commerce Department said Friday. Even with the increase, growth remains too weak to rapidly boost hiring.

US economic growth reached still-modest 2 pct. rate in Q3 on higher defense, consumer spending - The Washington Post