U.S. GDP Growth Surprise Propels Stocks To New Record
In this week’s news affecting your wealth, the U.S economy grew 3% in the third quarter, much faster than had been expected.
The consensus forecast of 59 economists, surveyed by The Wall Street Journal in early October, had been for 2.7% growth.
The 3% figure is an estimate and the final number could be revised in the weeks ahead.
For growth to hit 3% in the third quarter — despite two severe hurricanes, the threat of a nuclear war with North Korea, and political strife in Washington, D.C. — is an impressive display of the current economic momentum.
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