Daily Digit: 2.7% GDP Growth
The Daily Digit today is 2.7%. U.S. Gross Domestic Product, or GDP, grew 2.7% in third quarter, which was more than analysts expected. The reason? In short, the holidays. Stores stocked up for before the present-giving season and, as a result, inventories bounced -improving the GDP number. Another boost: an increase in exports. But- overall, people and companies spent less on goods and services.
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