US Economy Surprises with 4.3% Growth

U.S. Economy Surges at 4.3% Growth Rate, Beating Forecasts: A Cautionary TaleThe U.S. economy expanded at a robust 4.3% annual rate in Q3, outpacing most predictions and marking a strong rebound from the government shutdown. Consumer spending and increased federal outlays fueled the growth, as reported by the Bureau of Economic Analysis.However, economists like Mark Zandi from Moodys Analytics remain cautious, with underlying growth estimated at a more modest 2% rate. Factors such as a narrowing trade deficit and potential measurement errors in government spending may have contributed to the surprise growth.Despite the positive numbers, Zandi warns of potential downward revisions due to the shutdown and the ongoing uncertainty in the economy. As we move forward, the bigger picture remains unclear, and economists caution against reading too much into this single report.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.