Feds: US Economy Grew At Robust 2.8% Rate In Q3

ABC News reports:

The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth.

U.S. gross domestic product — the economy’s output of goods and services — slowed from the April-July rate of 3%, the Commerce Department reported Wednesday. But the GDP report still showed that the American economy — the world’s largest — is proving surprisingly durable. Growth has topped 2% for eight of the last nine quarters.

Still, American voters — exasperated by high prices — were unimpressed by the steady growth and chose this month to return Donald Trump to the White House to overhaul the nation’s economic policies.

Read the full article.

#US #economy grows at 2.8% pace in third quarter on consumer spending, unchanged from first estimatehttps://t.co/QH0VF078OT

— Economic Times (@EconomicTimes) November 27, 2024