Economics
U.S. Economy Holds Up With 1.9% Growth on Consumer Strength
- Third-quarter expansion beats estimates for slowdown to 1.6%
- Consumer spending tops forecasts and remains key growth driver
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A resilient American consumer helped the U.S. economy expand more than forecast in the third quarter, assuaging concerns for now of a more pervasive slowdown tied to weakening business investment and faltering export markets.