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US economy grew much faster than expected in the third quarter, delayed report shows

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1 month ago

The U.S. economy grew at a faster pace than expected in the third quarter, according to the Commerce Department's estimate.The Bureau of Economic Analysis (BEA) on Tuesday released its initial estimate of third-quarter GDP, which showed the economy grew at an annualized rate of 4.3% in the three-month period including July, August and September.That figure topped the expectations of economists polled by LSEG, who had estimated 3.3% GDP growth in the third quarter. The report also found that real GDP rose at an annualized rate of 3.8% in the second quarter. That followed a GDP contraction of 0....

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1 month ago
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