Friday, 28 October 2022

US economy grew significantly in 3rd quarter, ending 6 months of shrinking

US economy grew significantly in 3rd quarter, ending 6 months of shrinking

The U.S. economy expanded significantly to kick off the second half of the year, marking a dramatic reversal from the contraction experienced over the first six months, government data showed. U.S. gross domestic product grew 2.6% over the three months ending in September, according to data released Thursday. By contrast, economic activity shrank a combined 2.2% over the first six months of the year.
Read more: https://abcnews.go.com/Business/us-economy-expected-grown-significantly-ending-months-shrinking/story?id=92133670?source=Snapzu

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