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Just when one thinks the U.S. economy has slowed to a crawl, up pops the unexpected: growth.

The U.S. economy unexpectedly accelerated in Q3 to an annualized growth rate of 3.9% the U.S. Commerce Department announced Wednesday. The report took most economists and Wall Street analysts by surprise: most had expected a 3.1%-3.4% Q3 annualized growth rate.

Further, the Q3 3.9% rate was the fastest growth rate since Q1 2006, when the economy grew at a 4.8% annualized rate. The economy grew at an annualized rate of 3.8% in Q2.

In addition, over the past 12 months the economy has grown at a 2.6% rate - - still below trend, but hardly anemic growth.

Surprising Q3 GDP Stat

"There's no way to slice it, other than to say it's a surprise," economist H. David Wang said in an interview with bloggingstocks.com. "Here the Fed [U.S. Federal Reserve] starts the second day of its interest rate meeting thinking the economy has slowed substantially, then they receive the Q3 data, which says it hasn't."

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Suddenly, the U.S. economy's growing again originally appeared on BloggingStocks on Wed, 31 Oct 2007 19:05:00 EST. Please see our terms for use of feeds.

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