MarketWatch: U.S. Economy Set to Grow Less Than 3% for the 10th Straight Year

MarketWatch reports that the economy expanded a touch slower in the third quarter than previously reported, revised government figures show, but the path of growth is still the same: The U.S. running well below the historical norm more than six years into a recovery.

Gross domestic product — the sum of all the activity in an economy — increased at a 2% annual pace from July to September, according to the government’s latest update. Previously the Commerce Department had said the U.S. grew at a 2.1% rate after a 3.9% increase in the second quarter …

The government’s most recent snapshot of how the U.S. performed in the third quarter fall shows little change in the trajectory of the economy.

 

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