Third quarter growth for the U.S. economy as measured by Gross Domestic Product was less than expected during the third quarter. Gross domestic product climbed at a 1.8 percent annual rate from July through September, down from the 2 percent estimated last month, revised Commerce Department figures showed today in Washington.
Ã¢â‚¬Å“The fourth quarter should be the strongest of all this year,Ã¢â‚¬Â said Stuart Hoffman, chief economist at PNC Financial Services Group Inc. Ã¢â‚¬Å“We are avoiding a recession and the persistent calls for a double dip are wrong.Ã¢â‚¬Â
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