Quick Review of the Revised U.S. GDP Data
The U.S. GDP grew at a robust rate of 2.8% in the third quarter, driven by strong consumer spending. According to the second estimate released by the U.S. Bureau of Economic Analysis, the annualized growth rate of GDP in the third quarter was 2.8%. The main driver of economic growth—consumer spending—rose by 3.5%, the highest increase so far this year