Economics
Growth Debate Left Unresolved by Mixed Report on U.S. Economy
- Underneath strong GDP advance are several weak components
- Trump, Clinton campaigns see latest numbers very differently
U.S. 3Q GDP Grows 2.9%: Inside the Numbers
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The fastest U.S. growth in two years failed to resolve a debate from the Federal Reserve board room to the presidential campaign trail about whether the world’s largest economy is emerging from an extended funk.
Gross domestic product, the value of all goods and services produced, climbed at a 2.9 percent annualized rate in the July-through-September period following a 1.4 percent gain the prior quarter, the Commerce Department reported Friday.