✉news BusinessEconomy first seen 1 d ago, last 1 d ago, peak #7
US economy races ahead with 3.4% growth in third quarter
Original: U.S. economy races ahead with 3.4% growth in third quarter
The US economy grew at a 3.4% annual pace in the third quarter, according to the latest government figures, a stronger performance than many analysts expected. Consumer spending remained resilient despite high interest rates, and commentators are weighing whether growth can be sustained into 2024 without reigniting inflation.
Why now: Strong GDP data stands out amid widespread predictions of a slowdown, sparking debate over whether the US can avoid a recession.
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