At 4.9%, US economy grows fastest in 2 years
Friday, 27 October 2023
The US economy grew at the fastest pace in nearly two years last quarter, fuelled by a surge in consumer spending. GDP accelerated to a 4.9% annualised rate, more than double the second-quarter pace, according to the government's preliminary estimate on Thursday.
The US economy grew at the fastest pace in nearly two years last quarter, fuelled by a surge in consumer spending. GDP accelerated to a 4.9% annualised rate, more than double the second-quarter pace, according to the government's preliminary estimate on Thursday.
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