U.S. GDP Grew 2.6% in Third Quarter, Recession Fears Persist

Found this insightful? Please consider sharing on your Social Media:

Despite a slowdown in consumer spending during the summer, the U.S. economy still grew at a 2.6% annual rate in the third quarter. Although consumer spending is the main engine of economic growth, it cooled off from July to September compared to the previous quarter.

Some economists prefer to look at final sales to the private domestic purchasers- a measure of consumer and business spending rather than the total GDP number- as a gauge of underlying economic demand. This metric inched up 0.1% in the third quarter after rising at a 0.5% rate in the second quarter and 2.1% annual rate in the first quarter.

Read More

Wall Street Journal Rating

Latest Factual News

Left vs. Right Bias: How we rate the bias of media sources

Governor Bias Profiles

Subscribe With Email

Enter your email address to subscribe to MBFC and receive notifications of new posts by email.

Join 22,658 other subscribers

Be the first to comment on "U.S. GDP Grew 2.6% in Third Quarter, Recession Fears Persist"


This site uses Akismet to reduce spam. Learn how your comment data is processed.