03/29/2024

U.S. Notches Solid 3% Economic Growth, Despite Hurricanes

The U.S. economy grew robustly in the third quarter despite two hurricanes, propelled by steady spending from American businesses and households.

Gross domestic product, the broadest measure of goods and services made in the U.S., expanded at a 3% annual rate in July through September, the Commerce Department said Friday. Economists surveyed by The Wall Street Journal had projected a 2.7% gain.

Output expanded at 3.1% rate in the second quarter. This marks the economy’s best six-month stretch since mid-2014.

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