Economists See Stronger Third Quarter GDP
New York, NY, Nov. 19, 2012 -- The U.S. economy apparently picked up speed in the third quarter, according to economists from Goldman Sachs Group.
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Bloomberg News reported that the economists believe gross domestic product probably increased at about a 2.9% annual rate in the quarter, which would be the fastest quarterly growth this year.
The housing recovery, strengthening job market and healthier household finances are driving increases in consumer confidence and spending, according to the Bloomberg story.