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US economy grows faster than expected in report out just ahead of elections

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The Guardian – World
“US economy grows faster than expected in report out just ahead of elections”

Growth is in sharp contrast to ​households’ assessment, reflected in ‌Trump’s record-low approval ratings The US economy grew faster than expected in the third quarter as resilient consumer spending and AI -driven ⁠business investment more than ⁠offset the impact ​of higher oil prices stemming from the conflict in the Middle East . Gross domestic product (GDP) increased at a 3.4% annualized rate last quarter, the commerce department’s ⁠bureau of economic analysis said in its advance estimate of…

Read at The Guardian – World
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