美國經濟

US economy notches up fastest expansion in more than decade

The US economy reaffirmed its traditional role as the engine of global growth after notching up its fastest expansion in more than a decade.

The S&P 500 index surged to a record high after annualised growth in the third quarter of this year came in at 5 per cent, the fastest pace since 2003. It represented an unusually large upward revision from a previous estimate of 3.9 per cent.

The new figures show the world’s most important economy was accelerating even before the recent oil price fall.

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