The nation's economy grew at a 1.8 percent annual rate in the third quarter, the Bureau of Economic Analysis just reported.
The new estimate marks the second time that BEA has revised its third-quarter estimate downward. In its first look, BEA said gross domestic product grew at a 2.5 percent annual rate. Last month, it said the pace was 2 percent.
Still, the third quarter was better than the second — when GDP expanded at a 1.3 percent annual rate.