US Economy Grows 3.5%

For the first time since the second quarter of 2008, the US economy recorded positive growth, expanding 3.5 percent in the quarter ending in September. Despite the upbeat news, analysts suggest that much of the growth can be traced to government stimulus spending which is expected to wind down over the next few months. For this reason, market watchers remain unconvinced that the US can maintain the same rate of growth over the next quarter.

“It’s good to have the economy growing again,” said Brian Bethune, economist at IHS Global Insight. “But we don’t think that rate of growth is sustainable because it is distorted by all the government stimulus.”

BBC News

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