The U.S. economy picked up steam in the third quarter, exceeding the growth predicted by most analysts.
Economic growth, as measured by Gross domestic product, grew at an annual rate of 2 percent from July to September, the Commerce Department said Friday.
At 2%, growth in the third quarter was faster than the 1.3 % rate in the second quarter and more than the 1.7% forecast by most analysts.
Despite the higher than anticipated third quarter economic growth rate, most economists say, this is consistent with a sluggish recovery and hardly sufficient to spur major new hiring.
Growth is more than forecast by most analysts. Better than expected and in the right direction. Let’s keep moving forward.