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Q3 GDP Up 3.5%


The U.S. economy expanded at a healthy pace during the third quarter, a sign of sustained growth fueled by government spending and a narrower trade deficit despite mounting concerns about the health of overseas economies.

Gross domestic product, the broadest measure of goods and services produced across the economy, advanced at a seasonally adjusted annual rate of 3.5% in the third quarter, the Commerce Department said Thursday. Economists surveyed by The Wall Street Journal had forecast growth at a 3.1% pace for the quarter.

Full story at: http://online.wsj.com/articles/u-s-third-quarter-gdp-expands-at-3-5-rate-1414672315