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US economic growth slows in Q3

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Dion Global

29 Oct 2018

The US Commerce Department said real gross domestic product advanced by 3.5 per cent in the third quarter after surging up by 4.2 per cent in the second quarter.

The slowdown in GDP growth compared to the previous quarter reflected a downturn in exports and a deceleration in non-residential fixed investment, which were partly offset by an upturn in private inventory investment.