Economic activity accelerated in the third quarter, but data continue to show a sluggish recovery overall, according to Fannie Mae’s Economic & Strategic Research Group. Since its low point in 2009, U.S. gross domestic product (GDP) has climbed 7.2 percent, compared with an average growth of 16 percent for economic recoveries since the 1960s over the same period. Consumer spending was the biggest driver of growth in the third quarter, accounting for approximately 70 percent of GDP.Click to continue
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