The US economy in the third quarter increased by 3%, despite the hurricanes

The US economy in the third quarter increased by 3%, despite the hurricanes

The US economy, thanks to strong business investment in the third quarter of this year increased by 3%. The Commerce Department reports that gross domestic product (GDP) of the United States — the total output of goods and services in the country in the second quarter was 3.1 percent. The consistently high growth in the past two quarters. This is an indicator of the growth of the economy no less than 3% for two consecutive quarters, celebrated in the United States for the first time in the last three years.

This is the strongest dvuhsvetny result for the last time and the third highest in 2014, when the second and third quarter GDP growth of 4.6% and 5.2%.

For US a new economic mini-record is important, because GDP growth observed in the country, despite very pessimistic forecasts of economists and the terrible consequences of the hurricanes Harvey and Irma.

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