Great news for the U.S. economy! 🇺🇸📈 The real gross domestic product (GDP) soared by an annual rate of 3.1% in the third quarter of 2024, surpassing the previous estimate of 2.8%. This upbeat revision was primarily driven by stronger exports and increased consumer spending, providing a boost to economic growth.
However, it's not all smooth sailing. 🛢️ Private inventory investment saw a downward revision, which somewhat offset the positive gains. Additionally, imports, which are subtractions in calculating GDP, were revised upwards. 📊 Nevertheless, the overall growth indicates a resilient U.S. economy heading into the final quarter.
Stay tuned to NewspaperAmigo.com for more updates on global and economic trends! ✨💬
