the staff of the Ridgewood blog
Ridgewood NJ, the U.S. economy exceeded expectations by exhibiting robust growth in the third quarter, driven by a resilient consumer sector despite higher interest rates, ongoing inflationary pressures, and various domestic and global challenges. According to the Commerce Department’s report, the Gross Domestic Product (GDP), which measures all goods and services produced in the U.S., expanded at an annualized rate of 4.9% from July through September, a significant acceleration from the unrevised 2.1% pace in the second quarter.
Continue reading US Gross Domestic Product Grows at a Robust 4.9% Rate in the Third Quarter
