US Economy Grows by 2.8% in Q3, in Line with Forecasts
9:00 - December 12, 2024

US Economy Grows by 2.8% in Q3, in Line with Forecasts

TEHRAN (ANA)- The US economy has expanded by 2.8% in the third quarter of 2024 on a yearly basis, according to the Bureau of Economic Analysis, in line with market expectations.
News ID : 7696

The world's largest economy grew by 3% in the previous quarter and 1.4% in the first quarter, year-on-year.

Preliminary figures in October forecasted that the rate would be at 2.8% in the third quarter.

The GDP growth in the third quarter was driven by the rise in consumer spending, exports, federal government spending and non-residential fixed investments.

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