The numbers: The U.S. economy’s pace of growth in the third quarter was raised to 3.3% from 3% under the government’s latest revision to gross domestic product.
How good is that? It’s the fastest spurt of growth in three years. Even a pair of devastating hurricanes, Maria and Harvey, did little to slow the economy down.
In a tweet, President Trump said GDP would have climbed 3.9% if not for the storms, citing internal research by his Council of Economic Advisers. Private economists had published similar forecasts.
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