The US economy is on track to expand at the fastest rate in more than a year in the third quarter, according to projections for this Friday’s “advance” GDP report from the Bureau of Economic Analysis. A range of estimates anticipate that quarterly output will top 2% (seasonally adjusted annual rate). If the prediction holds up, output is set to break free of the sluggish pace of roughly 1.0% that’s prevailed in each of the previous three quarters.
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