U.S. economy grows 3.1% in Q3

Note: This section contains information in English only.
Source: Bloomberg
The Commerce Department reported today that the U.S. economy expanded at a revised 3.1% annually in the Q3, more than it was estimated, after previously reported 2.7%, indicating a smaller trade gap and more consumer spending. However, economists expect the economy will shrink to a 1.4% pace in the current three-month period. The world's largest economy will struggle to keep that growth trend this quarter due to faltering global demand and as companies limit hiring and reduce spending ahead of looming ‘fiscal cliff'.   
"The economy is growing but very, very slowly," Peter McCausland, chairman and founder of Airgas Inc.

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