Summary
WASHINGTON -- The economy grew at an annual rate of 3.7 percent in the summer as a big rebound in auto sales offset weakness from an exploding trade deficit, soaring oil prices and the Florida hurricanes, the government reported Friday.
The July-to-September increase in the gross domestic product -- the country's total output of goods and services -- was up slightly from a 3.3 percent GDP growth rate in the spring, but it was well below the 4.3 percent rate many economists had been forecasting.See the full content of this document
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Economy Grows Slightly
The weaker-than-expected third-quarter result raised new worries over the threats posed to the economy from rising energy prices, lackluster job growth and overextended consumers.
"This is less-than-a-stellar number," sai...See the full content of this document
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