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Economy
Economy
A group of people walk by a store
A discount sign is displayed in the window of a shop in Miami Beach, Florida, on January 12, 2022.

CHANDAN KHANNA/AFP via Getty Images

  • Real GDP rose 4.9% at an annualized rate in the third quarter.
  • That greatly surpasses the roughly 2% seen in both the first and second quarter of this year.
  • There are still concerns about a recession, but the next downturn might not be too long or severe.

The US economy saw much higher GDP growth in the third quarter than the first two quarters of the year.

Tags
economy, Markets, economy, GDP, gross-domestic-product, BEA, bureau-of-economic-analysis, insider-graphics
Source
The US economy is growing at the fastest pace in 2 years