U.S. GDP rises 2 percent in third quarter

(Oct. 26, 2012) -- "While slightly stronger than expected, much of the acceleration in third-quarter 2012 GDP growth from the second quarter of 2012 can be traced to an unexpected jump in government spending that is unlikely to be repeated going forward," said Janzen. "As well, the slowing in third-quarter 2012 business investment likely reflects, at least in part, uncertainty about the upcoming so called ‘fiscal cliff’ weighing on confidence and investment spending in the second half of 2012.