October 30, 2014
Mariah Timms
News Writer
Nation
Economists are reporting a slightly-higher-than-predicted GDP growth over the summer. The gross domestic product increased steadily by 3.5 percent between July and September, above the projected 3 percent growth. CNN reports that consumer spending is the largest factor in U.S. economic growth, in which area growth of 1.8 percent was seen. This recent growth reflects theories that when employment picks up, higher incomes mean more spending. Government spending was also up, at the highest quarterly mark since 2009, and generally healthy reports compared to the low start of 2014.
