Economic Indicators
US economy grows by 2.8% in third quarter, slower than expected
2024.10.30 08:43
Investing.com — The US economy grew at a slower than expected rate in the third quarter despite signs of waning inflationary pressures and solid wage gains.
In a release only days before the US holds a deeply contentious election that is likely to see Americans vote with their wallets in mind, preliminary data from the Commerce Department showed in the world’s largest economy rose by 2.8% in the July-September period.
Economists had predicted the figure would match the second quarter’s pace of 3.0%.
(This is a developing story. Please check back later for updates.)
