US Economy Grew at Moderate 2.1% Annual Rate Last Quarter
The U.S. economy grew at a moderate 2.1% rate over the summer, slightly faster than first estimated. But many economists say they think growth is slowing sharply in the current quarter. The Commerce Department says the July-September growth rate in the gross domestic product, the economy’s total output of goods and services, slightly exceeded its initial estimate of a 1.9% rate.
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