ECONOMY U.S. GDP accelerated at 2.6% pace in Q3, better than expected as growth turns positive

[Scott]

The U.S. economy posted its first period of positive growth for 2022 in the third quarter, at least temporarily easing recession fears, the Bureau of Economic Analysis reported Thursday.

 

GDP, a sum of all the goods and services produced from July through September, increased at a 2.6% annualized pace for the period, according to the advance estimate. That was above against the Dow Jones forecast for 2.3%.

 

https://www.cnbc.com/2022/10/27/us-gdp-accelerated-at-2point6percent-pace-in-q3-better-than-expected-as-growth-turns-positive.html

 

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[candide]

Good news. Comes a bit too late

Edited October 28, 2022 by candide