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US economy grows better than expected in Q3

by ChemOrbis Editorial Team - content@chemorbis.com
  • 30/10/2019 (17:13)
According to an advance estimate released by the US Bureau of Economic Analysis, the US economy expanded at an annual rate of 1.9% in the third quarter of 2019.

The real gross domestic product (GDP) growth was better than the consensus of 1.6% largely thanks to the positive contributions from personal consumption expenditures and federal government spending.

Although the latest figures beat estimations, the GDP growth was slower than the 2% increase seen in the second quarter.
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