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Contrary to expectations, US economic growth slows in the third quarter

Contrary to expectations, US economic growth slows in the third quarter

Data from the Bureau of Economic Analysis of the US Department of Commerce showed, on Wednesday, that the growth of the US economy in the third quarter of this year had slowed to 2.8 percent, contrary to expectations that it would remain unchanged from the rate recorded in the second quarter at 3 percent.

And it was American economy It grew faster than initially expected in the second quarter amid strong consumer spending and a recovery in corporate profits, which should contribute to the sustainability of the expansion.

The Bureau of Economic Analysis of the US Department of Commerce said in its second estimate of the gross domestic product in the second quarter of the year, last August, that the gross domestic product rose at an annual rate of 3 percent, in an upward revision above the 2.8 percent rate indicated in the initial reports.

The economy grew at a rate of 1.4 percent in the first quarter.



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