The U.S. economy grew by an annualized rate of 4.9 percent in the third quarter, the strongest pace since 2021, as spending — by families, businesses and the government — accelerated, even in the face of fast-rising borrowing costs.
Democracy Dies in Darkness
U.S. economy grows at blockbuster pace in third quarter
GDP grew at an annual rate of 4.9 percent from July to September, the highest reading since 2021
Updated October 26, 2023 at 12:55 p.m. EDT|Published October 26, 2023 at 6:00 a.m. EDT