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Ahead of the Bell: US economy-GDP
The U.S. economy likely grew a tiny bit faster in the July-September quarter than previously estimated, but the pickup isn't expected to last. Economists think the government will revise its estimate of growth for the third quarter to a 2.8 percent annual rate, slightly better than the 2.7 percent rate it estimated a month ago. The Commerce Department will release the report at 8:30 a.m. EST Thursday. In its previous estimate, the government revised up gross domestic product from an initial 2 percent annual growth rate to 2.7 percent. GDP measures the nation's total output of goods and services — from restaurant ... (full story)
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