(Worthy News) – With the Bureau of Economic Analysis announcing today that, according to its second estimate, real Gross Domestic Product grew at an annual rate of 3.3 percent in the third quarter–following a second quarter rate of 3.1 percent–the United States took a step toward doing something it has not done in more than 12 years: seeing the economy grow at an annual rate of 3.0 percent or better in three straight quarters.
That milestone would be reached if real GDP were to grow at a rate of 3.0 percent or better in the fourth quarter of this year.
The last time real GDP grew at an annualized rate of 3.0 percent or better for at least three straight quarters was in 2004-2005, according to data published by BEA. [ Source: CNS News (Read More…) ]