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US economy shows strongest quarterly growth in two years
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The US economy grew at an annualized rate of 4.3% in the quarter to September, up from 3.8% in the previous quarter. This growth is described as the strongest in two years. Consumer spending rose 3.5% in the latest quarter, compared to 2.5% in the prior quarter. Exports also increased during the quarter, contributing to the overall growth.
Data collection for this report was delayed due to the US government shutdown, affecting the timing of the release. However, the report provides a clearer picture of the world's largest economy as it heads into the year-end period.
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