The U.S. economy grew at a brisk 5 percent annual rate last summer
The U.S. economy grew by a robust five percent annual rate in the third quarter of 2014, the Commerce Department announced Tuesday. That's the fastest growth since the summer of 2003, and a sharp upward revision from the 3.9 percent growth the department initially estimated for the July-September quarter.
Coming on the heels of a strong 4.6 percent annual growth in the second quarter of the year, this number suggests the economy may finally be returning to a pre-recession norm.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Received a gift card this holiday season? Here’s how to maximize it.The Explainer Make the most of your present
-
‘Lumpy skin’ protests intensify across France as farmers fight cullIN THE SPOTLIGHT A bovine outbreak coupled with ongoing governmental frustrations is causing major problems for French civil society
-
The best books of 2025The Week Recommends A deep dive into the site of a mass shooting, a new release from the author of ‘Atonement’ and more
-
TikTok secures deal to remain in USSpeed Read ByteDance will form a US version of the popular video-sharing platform
-
Unemployment rate ticks up amid fall job lossesSpeed Read Data released by the Commerce Department indicates ‘one of the weakest American labor markets in years’
-
US mints final penny after 232-year runSpeed Read Production of the one-cent coin has ended
-
Warner Bros. explores sale amid Paramount bidsSpeed Read The media giant, home to HBO and DC Studios, has received interest from multiple buying parties
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
