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America's Economic Growth Rate in Q3 Reached 5% Annualized Rate

According to data from The US Commerce Department, America's economic growth rate in Q3 reached 5% annualized rate, higher than the expected 3.9%, hitting a new record since Q3 in 2003.

America's Economic Growth Rate in Q3 up to 5%

The data show that the growth of personal consumption, which accounts for 70% of American economic aggregate, reached up 3.2 from the expected 2.2%. American economy recovery has been stronger since employment situation improved.

In Q1, Economic shrinks unexpectedly due to freezing weather. Since then, American economy rebound. GDP in Q2 increased 4.6% annualized rate. Unemployment rate in November has declined to 5.8. GDP in Q3 increased 5%.

US Commerce Department plans to publish forecasts of economic growth rate for the first time in then end of January of 2015.

Source: Made-in-China.com
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America's Economic Growth Rate in Q3 up to 5%
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