Economy grew faster than expected in 3rd quarter
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The economy remained on track this year, defying the gloomiest predictions. That doesn't mean Americans are thrilled with how things are going.
The U.S. economy grew at a surprisingly strong 4.3% annual rate in the third quarter, the most rapid expansion in two years, driven by consumers who continue to spend in the face of ongoing inflation.
A long-delayed government report showed GDP grew at an annual 4.3% rate for the July through September quarter, beating expectations.
The data, which was delayed from October by the government shutdown, comes as the economy takes center stage for voters and the Trump administration.
The U.S. economy expanded in the third quarter at the fastest pace in two years, bolstered by resilient consumer and business spending and calmer
The U.S. economy grew at an annual rate of 4.3% in the third quarter, according to preliminary data from the U.S. Department of Commerce.
Elon Musk has never been shy about bold predictions, and his latest one goes straight at the heart of the U.S. economy. In a post highlighted by prediction‑market platform Kalshi, Musk said U.S. GDP will grow by “double digits” within the next 12 to 18 months, implying annual real growth of at least 10%.