The economic condition of the United States has received a great jerk a couple of years back. Several
financial institutions and multiple industries were on the verge of collapsing when federal funds were
used to provide necessary financial aid. US GDP has experienced several ups and downs after the
recession and the latest report indicates some positive changes in the growth rate of the economy.
According to the reports, US GDP growth rate has been increased to 2.5 percent after the third quarter
reports were declared.

The reports of the Bureau Of Economic Analysis declared that the economy of the United States grew
at an annualized rate of 2.5 percent in third quarter. It is obviously a positive sign for the country, which
boasts to have the largest economy of the world. According to the reports, the increase in consumer
spending as well as the growth of the export business has boosted the nation’s economy in the third
quarter.

As per the reports, when the third quarter ended, the real GDP of the United States was recorded at
14.8 trillion dollars. US economy is showing positive signs in the recent past but reports state the growth
is not very strong.

Though the US economy has recorded a significant growth in the third quarter, the economists are not
very much hopeful about the consistency of this development. Keith Hembre, a noted economist of the
country stated inventories that have boosted the economy in this quarter does not have much space for
development and so they might not provide a permanent growth.

Image Credit: US GDP