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    U.S. economy grew at a 3 percent rate

    The U.S. economy expanded at a 3 percent annualized rate between July and September, advancing President Trump’s goal of faster economic growth and potentially providing a tail wind to Republican efforts to overhaul the tax code.
    The robust pace of economic growth defied analysts’ expectations that activity might slow in the third quarter because of Hurricane Harvey. This marks the second quarter of above-trend growth for Trump, after the economy expanded at a annualized pace of 3.1 percent in the spring, the Bureau of Economic Analysis reported Friday.
    Combined with a strong labor market and record highs in the stock market — the Standard & Poor’s 500 index is up 15 percent year to date — the economy is proving to be an ally of a president who is otherwise suffering from unusually low approval numbers and political conflicts. But opinions vary greatly over whether Trump should take credit for the uptick in growth.
    Source : The Washington post

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