Newsbreak 5 months ago in Around The World, Economic Data, Economy, GDP, gross domestic product, Markets, Recession, recession outlook 0 Category: gross domestic product
The US economy came back to life this summer season, but things are still likely to suck next year
Newsbreak 5 months ago in Around The World, Economic Data, Economy, GDP, gross domestic product, Markets, Recession, recession outlook 0 Produce is obtainable on the market at a grocery retailer on October 13, 2022 in Chicago, Illinois. Scott Olson/Getty Images Thursday’s GDP report confirmed a surprisingly sturdy US economy within the third quarter of 2022. But regardless of beating estimates, the US economy is still susceptible to slower development forward, and plenty of count on a recession. Still, any future recession would likely be milder…
The US economy went back to growing in the third quarter of 2022, making an imminent recession less likely
Newsbreak 5 months ago in Around The World, Economic Data, Economic Growth, Economic Indicators, Economy, GDP, gross domestic product, Markets 0 FREDERIC J. BROWN/AFP via Getty Images US gross domestic product grew at an annualized rate of 2.6% in the third quarter of 2022. That beats the 2.4% growth estimate. The advance estimate suggests the US economy is growing again after shrinking in the first two quarters of 2022. Americans fearing a looming recession can breathe a little easier. The economy’s gross domestic product grew at…