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2023-10-27

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U.S. GDP Grew at a 4.9% Annual Pace in the Third Quarter, Better Than Expected

US Gross domestic product was expected to increase at a 4.7% annualized pace in the third quarter, according to a Dow Jones consensus estimate.

U.S. GDP Grew at a 4.9% Annual Pace in the Third Quarter, Better Than Expected

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Not only has that not happened; growth is now running for this year above its longer-run trend. So that&#39;s been a surprise.”</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198690081","content_text":"The US economy grew at its fastest pace in nearly two years during the past three months, once again defying predictions for a slowdown as many expected the Federal Reserve's monetary tightening to constrain the American consumer.The Bureau of Economic Analysis's advance estimate of third quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 4.9% during the period, faster than consensus forecasts. Economists surveyed by Bloomberg estimated the US economy grew at an annualized pace of 4.5% during the period.The reading came in higher than second quarter GDP, which was revised down to 2.1%.The GDP release highlights the resilience of the US consumer despite ongoing concerns of a slowdown. 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