U.S. revises last quarter’s economic growth up to 2.9%

THE U.S. ECONOMY grew at a 2.9% annual rate from July through September despite high interest rates and chronic inflation, the government said Wednesday in an upgrade from its initial estimate. Last quarter’s rise in the U.S. gross domestic product, or the economy’s total output of goods and services, followed two straight quarters of contraction. / NAM Y. HUH / ASSOCIATED PRESS
WASHINGTON (AP) – Despite high interest rates and chronic inflation, the U.S. economy grew at a 2.9% annual rate from July through September, the government said Wednesday in a healthy upgrade from its initial estimate. Last quarter's rise in the U.S. gross domestic product — the economy's total output of goods and services — followed…

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