Macroeconomics  |  November 30, 2012 11:43:41

GDP in the U.S. in the third quarter increased by 2.7 percent U.S. Department of Commerce today published its estimate for gross domestic product in the third quarter. GDP in the U.S. from July to September rose at an annual rate of 2.7 percent.

What is behind this number? On one side is the result of significantly higher than 2.0 percent of the speed estimation at the end of October. In addition, this number is also better compared to GDP in the second quarter. It grew at an annual rate of just 1.3 percent. U.S. GDP grew in the third quarter due to inventory accumulation and higher exports. On the other hand, consumer spending, which is the world's largest economies GDP share most fallen. This is very negative for the U.S. news.

Although it seems that the re-elected President Barack Obama, a representative of the Democratic Party, slowly finds common ground with the Republican Congress on the fiscal cliff, the country is crossed out in the next year, government spending and tax increases completely unavoidable. This will further negatively affect consumer spending.

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