The U.S. economy continued to grow at a sluggish pace in third quarter; real gross domestic product (GDP) increased at an estimated annual rate of 2.0%, roughly the pace at which GDP has grown since the recovery began four years ago. Employment increased by approximately
143,000 jobs per month, the continued moderate growth that has characterized this recovery. Uncertainty about the U.S. fiscal and regulatory environment, a major inhibitor of business and consumer spending, kept confidence fragile and the private sector risk-averse. The partial shutdown of the Federal Government and acrimonious budget negotiations in Washington only exacerbated this sense of uncertainty. The resolution of the budget confrontation means more debate over the next few months; however, the seeds of a solution may finally have been sewn and the budget may be resolved enough in early 2014 for the economy to begin to expand at a faster pace. Until then, the economy is likely to continue to expand at a slow pace
through the end of 2013.
Source : Cushman & Wakefield