U.S. GDP booms at 33.1% rate in Q3, better than expected

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from CNBC,

U.S. GDP accelerated at a 33.1% annualized pace in the third quarter, the Commerce Department reported.

That was better than the 32% estimate from a Dow Jones economist survey.

A surge in business and residential investment along with stronger consumer activity helped the economy after its worst-ever quarter in Q2.

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