US GDP revised up to 2.1%, beating second quarter

The US economy grew faster than initially expected in the third quarter, revised GDP estimates from the Bureau of Labor Statistics showed Wednesday.

The economy expanded by 2.1% between July and September, more than the initial reading of 1.9%, and more than the 2% growth rate in the second quarter.

The economy last grew at a pace of less than 2% in the final quarter of 2018.

–This is a developing story.