The world's largest economy, the United States has climbed out of recession as it grew by 3.5 per cent in the third quarter ending September 30 , thanks to higher consumer and government spending among others. The economy, which was battered by the worst financial turmoil since the 1930s Great Depression, expanded last in the second quarter of 2008, when GDP rose 1.5 per cent.The advanced estimates from the US Bureau of Economic Analysis (BEA) released today showed that American GDP expanded 3.5 per cent in the third quarter.Consumer spending, which accounts for two-thirds of the GDP, grew 3.4 per cent in the quarter under review compared to 0.9 per cent fall in the previous quarter.America is the latest advanced economy to shrug off recession and joins the likes of Germany, France, Japan and Singapore.However, the U.S. would be officially out of recession only after the National Bureau of Economic Research declares so. A country is said to be in recession if its economy contracts for two straight quarters