The U.S. Economy Posted Another Solid Growth in Third Quarter

The U.S. economy posted solid growth in the third quarter of 202, with real GDP expanding at an annual rate of 2.8%, closely aligned with NAHB’s forecast. Strong consumer spending, particularly in goods and services, along with increased federal spending, were key drivers of this growth. However a widened trade deficit, largely due to a surge in imports, slightly offset GDP gains.

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Author: Editorial Team