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US economy grows faster than expected in report out just ahead of elections

29.10.2026 15:09 | The Guardian World

Growth is in sharp contrast to households’ assessment, reflected in ‌Trump’s record-low approval ratingsThe US economy grew faster than expected in the third quarter as resilient consumer spending and AI-driven ⁠business investment more than ⁠offset the impact of higher oil prices stemming from the conflict in the Middle East.Gross domestic product (GDP) increased at a 3.4% annualized rate last quarter, the commerce department’s ⁠bureau of economic analysis said in its advance estimate of the third quarter GDP on Thursday. Economists polled by Reuters had forecast GDP advancing at a 3.2% pace. Continue reading...

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