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Economists Predict Stronger-Than-Expected U.S. GDP
The American economy expanded at about a 2.9% annual pace in the July-September period compared with the Dept. of Commerce's initial estimate of 2% growth, analysts tell Bloomberg News.
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The American economy expanded at about a 2.9% annual pace in the July-September period compared with the Dept. of Commerce's initial estimate of 2% growth, analysts tell Bloomberg News.
The Commerce Dept. is scheduled to report a revised figure for gross domestic product on Nov. 29.
But the news service says economists expect U.S. GDP growth to decelerate in the current quarter because of Hurricane Sandy and expectations that the federal government will tighten fiscal policy by year-end. Those forecasters also predict modest economic expansion in the first three months of 2013.
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