News

Squire provides complete and personalized tax management and planning solutions to meet your needs.

News

Squire provides complete and personalized tax management and planning solutions to meet your needs.

US Q3 GDP growth was higher than first thought

The US economy expanded at an annual rate of 2.1% in the third quarter, significantly greater than the Commerce Department’s previous estimate of 1.5%. The biggest factor in the change was revised data showing that merchants were building inventory faster than economists had thought. For all of 2015, the GDP growth rate is expected to be 2.5%.