The US economy grew at a strong rate of 3.5 percent in the third quarter
The US economy grew at a strong rate of 3.5 percent in the third quarter
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October 26, 2018
The US economy grew at a strong rate of 3.5 percent in the third quarter
The US economy UU It grew at a solid annual rate of 3.5 percent in the July-September quarter, as the stronger burst of consumer spending in almost four years helped offset a sharp drop in trade.
The Department of Commerce says that the third quarter's gross domestic product, the country's total production of goods and services, followed an even higher growth rate of 4.2 percent in the second quarter. The two quarters marked the strongest consecutive quarters of growth since 2014.
The result was slightly higher than many economists had projected. It was true that he would be quoted by the president Donald Trump As evidence their economic policies are working. But some private economists worry that the recent stock Exchange the declines could be a warning signal of a coming slowdown.
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