Us Economy Grows Faster Than First Estimated In Third Quar

By eroppa On Sep 20, 2024 Last updated

Us Economy Grows Faster Than First Thought In Third Quarte After a robust third quarter, the us economy is widely expected to grow at a much slower rate in final months of the year as pandemic savings dwindle and interest rates remain at a 22 year high. November 29, 2023 at 9:10 am est. save. the us economy grew at an even faster pace in the third quarter than originally estimated, reflecting upward revisions to business investment and government.

Us Economy Grows Faster Than First Thought In Third Quarte But growth in consumer spending, which accounts for more than two thirds of u.s. economic activity, was lowered to a still solid 3.6% rate. the downgrade from the previously estimated 4.0% growth. Gross domestic product increased at a 5.2% annualized rate last quarter, revised up from the previously reported 4.9% pace, the commerce department's bureau of economic analysis (bea) said in its. Caldwell: yeah, so u.s. real gdp grew by 4.9% annualized in the third quarter compared to 2.1% in the second quarter. so that’s a 2.8 percentage point acceleration. the bulk of that increase was. The economy grew even faster in the third quarter than the supercharged pace that officials first estimated last month. the inflation adjusted gross domestic product grew at an annual rate of 5.2%.

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US economy grows faster than first estimated in third quarter

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