iChina.com

The economy sprinted ahead at its fastest adidas adipure iv pace in four years during the summer, although it is expected to limp through the final three months of this year as the housing and credit debacles weigh on individuals and businesses alike. The Commerce Department reported Thursday that gross domestic product grew at a 4.9 percent pace in the July-to-September quarter, unchanged from an estimate made a month ago. The performance was especially impressive adidas f50 adizero fg given that the housing market plunged deeper into despair. Builders slashed spending on housing projects in the third quarter at an annualized rate of 20.5 percent, the most in 16 years. Consumer spending, however, is expected to get a lot cooler in the final three months of this year, economists say. So far, the nation's job market, while slowing down, hasn't fallen to pieces. New job creation and wage gains have helped to support consumer spending and offset some of the negative forces from the housing and credit best soccer cleats problems. The unemployment rate, now at 4.7 percent, is expected to climb to 5 percent by early next year as the economy loses speed. Should the job market abruptly lose momentum, consumers could be spooked and snap shut their wallets and pocketbooks, sending the economy into a tailspin. Businesses, however, largely carried the economy in the third quarter. Sales of US exports abroad powered growth. Exports adidas f50 adizero grew by 19.1 percent, on an annualized basis, the most in four years, and even better than previously estimated. Those sales were aided by the falling value of the US dollar, which makes US goods cheaper to buy on foreign markets. A separate GDP-related gauge of inflation showed that core prices - excluding cheap soccer cleats food and energy - increased at a rate of 2 percent in the third quarter, up sharply from a 1.4 percent pace in the second quarter. The new third-quarter core inflation reading was higher than a 1.8 percent growth rate estimated a month ago.