The US economy's growth was stronger than expected in the third quarter



'Recession is pretty much a foregone conclusion:' Economist explainsReplayMore Videos ... (15 Videos)'Recession is pretty much a foregone conclusion:' Economist explainsBank of America CEO predicts 'mild recession' next yearSome Americans being forced to pick between paying for groceries and heating their homesCNN reporter shows what consumer price growth means for inflationGrocery chain CEO on food prices: 'My crystal ball is broken''It's taking longer than I thought': Why some jobs seekers can't find workWhat the Fed's latest historic interest rate hike meansFed's Powell: 'Time for easing rate increases is coming''Shark Tank' star makes prediction about the economySenior citizen on inflation: Everything is going up except our incomeHear when Larry Summers thinks the US will enter a recessionPeople in small town were left reeling after factory closure. Hear how they plan to voteHere's what a strong US dollar means for youCrushing three year drought leads to shortage of this grocery stapleWatch two sisters get the 'surprise of a lifetime' at this drive-thru food pantryNew York (CNN Business)The US economy grew much faster than expected in the third quarter, according to the latest gross domestic product report, which showed GDP rose by an annualized rate of 2.9%.

That's an improvement from the initial government reading in October that showed 2.6% growth in economic activity, and better than the Refinitiv forecast of 2.7%. And it's a marked turnaround from economic contractions of 1.6% in the first quarter of the year and 0.6% in the second.This story is developing and will be updated.


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