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US economy grew robust 3.9% in third quarter

The world's largest economy clocked a 3.9 percent annual growth rate in the July-September period, the Commerce Department said, revising its initial estimate of 3.5 percent last monthGrowth in the US economy in the third quarter was far stronger than thought, official data showed Tuesday, further distancing the United States from the ailing eurozone and Japan. The world’s largest economy clocked a 3.9 percent annual growth rate in the July-September period, the Commerce Department said, revising its initial estimate of 3.5 percent last month. The United States is a bright spot in the slowing global economy, with the 18-nation eurozone stalling and Japan, the third-largest economy, falling into recession, and China and other emerging-market economies experiencing easing momentum. The European Central Bank and the Bank of Japan are ratcheting up stimulus measures just as the Federal Reserve is withdrawing them, announcing the end of quantitative easing in October.

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