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Economy

Third-quarter economic growth revised up to 3.2 percent

By Joseph Lawler
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Third-quarter economic growth revised up to 3.2 percent

Economic growth was faster in the third quarter than initially thought.

U.S. gross domestic product in the quarter grew at a 3.2 percent annual pace, the Bureau of Economic Analysis reported Tuesday, rather than the 2.9 percent originally estimated, thanks to greater consumer spending than originally measured.

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