The Third Quarter Of The Us Economy Saw The Fastest Growth In Nearly Two Years

Despite dire predictions of a recession, the U.S. economy grew in the third quarter probably at the quickest rate of any quarter in almost two years

Home investment is predicted to increase in the Commerce Department’s advance estimate of the third-quarter GDP on Thursday.

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It is thought that company investment has decreased as the stimulus from factory construction fades.

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The government of President Joe Biden has taken action to promote more semiconductor production in the United States.

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Even while the predicted strong growth rate achieved in the most recent quarter is probably unsustainable,

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it would show how resilient the economy is to the Federal Reserve’s aggressive interest rate hikes.

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