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    US shows third-quarter growth as fiscal cliff slowdown looms

    euronews (in English)

    by euronews (in English)

    The US economy grew faster that forecast in the third quarter.

    Still economists believe the pace will soon slow and predict fourth quarter growth to drop back to below 2 per cent.

    The rise is in part due to an increase in exports while consumer spending fell and business investment dropped for the first time in over a year.