Economy improving, O'Neill tells bankers

US - The U.S. economy is likely grew at least 3 percent during the third quarter and will show slightly more robust performance in the current quarter and beyond, Treasury Secretary Paul O'Neill predicted in Phoenix on Monday.

The economy has "demonstrated a resilience that's quite remarkable" in weathering the technology slump, Sept. 11 fallout, and corporate-ethics scandals, O'Neill told members of the American Bankers Association at the Arizona Biltmore, The Arizona Republic reported.