US economy grew strongly in third quarter, GDP report says

GDP rose at an annualized rate of 4.3% over the third quarter, far higher than expectedThe US economy grew strongly over the summer, the commerce department announced on Tuesday in one of the final snapshots of the nation’s finances to be released in 2025.Gross domestic product (GDP) – a broad measure of the value of goods and services – rose at an annualized rate of 4.3% over the third quarter, far higher than expected. Economists had been expecting the growth rate to slow to 3.2% from an annualized rate of 3.8% in the second quarter. Continue reading...