U.S. Economy weakest in three years (GDP rate down from 2.6 to 1.6)

The U.S Economic growth in the third quarter shows that it slowed to the weakest point in more than three years. It was not expected, the analysts had forecasted something else.

Gross Domestic Product (GDP) in the latest quarter shows a growth of 1.6 percent which was 2.6 in the last quarter, said by the Commerce Department. Economists had forcasted a slowdown to 2.1 percent.

Slower than expected ecomomic growth isn't positive, while some economists indicated that the economy will bounce back in the current quarter, helped by lower energy prices. Spending of the consumers came in a bit weaker than expected.