US Economy Grows 3.4% in Q3, Beating Expectations
The US economy grew at an annualised rate of 3.4 percent in the third quarter, faster than expected. Strong consumer spending and AI-related business investment drove the growth, even as oil prices rose due to the Middle East conflict. Consumer sentiment remains weak.
ContextContext: GDP growth measures how much an economy produces over time, and annualised figures show the pace over a full year. The US is the world's largest economy, so its health affects trade, investment and oil prices that matter for India too.
Read at Economic Times: News
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