U.S. Economy Grew at 1.9%Rate in Third Quarter

U.S. Economy Grew at 1.9%Rate in Third Quarter

WASHINGTON– The speed of U.S. financial development slowed a little during the 3rd quarter as business investment decreased, although strong customer spending and an enhancement in the housing sector kept economic growth on track.

Gross domestic product-the value of all products and services produced in the U.S.– increased at a yearly rate of 1.9%from July through September– adjusted for inflation and seasonality, the Commerce Department said Wednesday. That marked a minor slowdown from the 2nd quarter, when the economy grew at a 2.0%…

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