Q3 growth is fastest in more than two years
GDP expands at 3.2% annual rate, powered by business spending; economists predict modest boost from tax cuts
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THE US economy grew at its fastest pace in more than two years in the third quarter, powered by robust business spending, and is poised for what could be a modest lift next year from sweeping tax cuts passed by Congress this week.
Gross domestic product (GDP) expanded at a 3.2 per cent annual rate last quarter, the Commerce Department said in its third GDP estimate on Thursday.
