The U.S. economy beat forecasts to grow at a 4.3% annual rate in the third quarter, official data showed on Tuesday, marking the most rapid expansion in two years, as government and consumer spending, as well as exports, all increased.
U.S. gross domestic product (GDP) from July through September β the economy's total output of goods and services β rose from its 3.8% growth rate in the April-June quarter, the Commerce Department said Tuesday in a report delayed by the government shutdown. Analysts surveyed by the data firm FactSet forecast growth of 3% in the period.
However, inflation remains higher than the Fe
Continue Reading on Daily Sabah
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.