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The growth boom in the third quarter

The growth boom in the third quarter

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The US economy continues to grow and experienced positive growth in the third quarter. This is good news by any measure, although it is striking that few economists think this can continue. Let’s hope they continue to be wrong.

Gross domestic product grew 4.9% after inflation in the third quarter on an annual basis. The courageous American consumer led the way, with personal consumption up 4% and contributing about 2.7 percentage points to overall growth.

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Eleon

With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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