The U.S. economy grew at a far faster pace last quarter than economists first had estimated–expanding at an annual rate of 3.7 percent in the April-June quarter

The Associated Press reported that the country's gross domestic product was "outpacing the rest of the developed world and bolstering confidence that it will remain sturdy in coming months, despite global headwinds."

The gains were "broad-based, reflecting more robust spending by consumers, businesses and government," and based on the Commerce Department report released August 27.

(READ the story from AP) Photo by US Army Corps of Engineers