US economy grows 2.8% in Q3

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WASHINGTON, D.C. — The American economy expanded at a healthy 2.8-percent annual pace from July through September on strong consumer spending and a surge in exports, the government said on Wednesday, leaving unchanged its initial estimate of third-quarter (Q3) growth.

US gross domestic product (GDP) — the economy’s output of goods and services — slowed from the April-July rate of 3 percent, the Commerce Department reported on Wednesday.

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