The U.S. economy grew this summer at the fastest pace in two years, far outpacing economists’ forecasts.
The Commerce Department said U.S. gross domestic product—the government’s official economic scorecard—rose at a seasonally and inflation-adjusted 4.3 percent annual rate in the third quarter. The report on the July through September period was delayed due to the shutdown.
Gross domestic product is a broad measure of the goods and services produced across the economy. Economists had expected the economy to grow at a 3.2 percent annual rate after the second quarter’s 3.8 percent growth.
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