#Trump haters despondent as the U.S. economy continues to expand

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Led by a rise in business investment, the U.S. economy grew at an annual pace of 3.3 percent from July through September, its fastest rate in three years.

The Commerce Department estimated Wednesday that third-quarter growth exceeded the 3 percent annual expansion it had initially reported last month.

The performance, achieved despite damage from two devastating hurricanes, marked the fastest expansion in gross domestic product — the broadest gauge of economic output — since a 5.2 percent annual spurt in the third quarter of 2014.

The estimated growth for the July-September quarter marked an improvement on 3.1 annual growth in the second quarter and a 1.2 annual pace in the January-March quarter.

Mercury News

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