Economic strength in the summer ahead of hurricanes Katrina and Rita meant the US economy grew by more than expected in the third quarter, but economists maintained their prediction for a slowdown in the months ahead.
Preliminary gross domestic product grew by 3.8 per cent in the three months to the end of September, up from a rate of 3.3 per cent in the second quarter and more than economists had expected after downgrading their forecasts in the wake of hurricanes Katrina and Rita.
As new Federal Reserve chairman nominee Ben Bernanke says, it's the "Goldilocks economy."
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