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LATEST US DATA

Q3 economic growth fastest in 3 years

US notches 3.3% expansion in GDP in the quarter, boosted by govt spending, increase in investment

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Economists see a modest boost to growth from efforts by Mr Trump and his Republicans in Congress to push through a package of tax cuts, including slashing the corporate income tax rate to 20% from 35%.

Washington

THE US economy grew faster than initially thought in the third quarter, notching its quickest pace in three years, as increases in business investment in inventories and equipment offset a moderation in consumer spending.

Gross domestic product (GDP) expanded at a 3.3

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