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Does This GDP Report Mean We Avoided a Recession?

The US economy expanded in the third quarter. That’s both good news and bad news. 

Bloomberg business news
US Economy Grows at 2.6% Annual Rate in Third Quarter

Are we heading for a recession or did we just avoid one? 

That’s the question everyone’s asking after gross domestic product rose at a 2.6% annualized rate in the third quarter, according to a preliminary estimate Thursday from the Commerce Department. The uptick follows two consecutive quarters of contractions, which some consider a recession