US Third Quarter GDP Growth Expected to Accelerate
US economic growth likely accelerated in the third quarter as resilient consumer spending and artificial intelligence investment offset higher oil prices. Gross domestic product is projected to have increased at a 3.2% annualized rate.
Xurve View
Insights:
Xurve View
United States economic growth likely accelerated to a 3.2% annualized rate in the third quarter, driven by resilient consumer spending and AI-related business investment. The expected expansion outpaces the 2.2% pace recorded in the April-June period. This robust activity contrasts with downbeat household sentiment ahead of upcoming congressional elections.
