Thursday the government will release GDP figures to the nation. It is widely expected to be a stellar report leaving no hint at a 2023 recession and elevating Joe Biden into the position of an elite few who have presided over an economy that grew over 4%. Post your thanks below.
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The world’s largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer, a challenge for Federal Reserve officials who are debating whether additional policy tightening is needed.
Gross domestic product advanced at a 4.3% annualized pace in July-September, according to the median projection in a Bloomberg survey of economists. Such growth illustrates that the US remains the global economic powerhouse as Europe stagnates and Asia contends with a struggling China.
GDP bonanza: U.S. economy may have grown 5% in the third quarter
The U.S. economy has not only defied widespread predictions of a sharp slowdown. It's grown even faster.
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Economist survey: GDP growth of 4.3% in 3Q, fastest in nearly 2 years | Fortune
The American economic hot streak is just warming up.
fortune.com
From Recession Fears to Too Good? What This Week’s GDP Data Will Tell Us - WSJ's Take On the Week - WSJ Podcasts
This week, we're looking ahead to the GDP data for the third quarter of 2023 to find out how much the American economy grew from July to September. Thanks to higher than expected numbers from the latest retail sales and jobs reports, economists have lowered the probability of a recession...
www.wsj.com
The world’s largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer, a challenge for Federal Reserve officials who are debating whether additional policy tightening is needed.
Gross domestic product advanced at a 4.3% annualized pace in July-September, according to the median projection in a Bloomberg survey of economists. Such growth illustrates that the US remains the global economic powerhouse as Europe stagnates and Asia contends with a struggling China.
